
Nashville, TN 37216
This property presents a High-Potential Investment Opportunity with a List Price of $549,900—positioned above the $458,508 Fair Market Value. While the current structure carries a Condition Rating of 6 and is marketed as a teardown, the .41-acre lot with RS7.5 Zoning and DADU/UZO overlays provides significant redevelopment upside. The parcel’s 100-foot street frontage offers a clear path for potential subdivision into two buildable lots. This is a strategic land-value acquisition ideal for Real Estate Developers or Experienced Builders seeking to maximize density in East Nashville.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1414 McAlpine Ave Subject | $549,900* List Price | 4 | 2 | 2,010 | $228 | - |
A 1425 Shelton Ave Sold | $450,000 List Price | 4 | 2 | 2,026 | 0.5 mi | |
B 1410 Greenland Ave Active | $515,000 List Price | 3 | 2 | 1,776 | $290 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1936 with no evidence of recent renovations, the property is explicitly marketed as a teardown for land value. Significant structural issues are present, including collapsed roofs on outbuildings and long-term disconnected utilities.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17860, living area = 2010.
The property is situated within both the DADU and Urban Zoning Overlays (UZO), providing rare development advantages such as no parking minimums and increased height allowances for accessory structures.
Located on a substantial .41-acre lot in a prime East Nashville corridor, this property offers a lucrative opportunity for builders to capitalize on the area's rapid growth and proximity to downtown.
The existing home and outbuildings are in severe disrepair, including a collapsed roof on the storage area and disconnected utilities, making the property strictly a teardown/land-value play.
Realizing the full two-lot subdivision potential requires a zoning exception, as the current 100-foot frontage falls just short of the standard 104-foot requirement for two 52-foot lots.
Rare opportunity to secure a large .41-acre lot in one of East Nashville’s most sought-after redevelopment corridors. Zoned RS7.5 (Single Family 7,500 SF) and located within the Detached Accessory Dwelling Unit (DADU) Overlay, this property offers exceptional flexibility and long-term upside for builders, investors, or developers. The property also benefits from the Urban Zoning Overlay (UZO), a highly desirable overlay that provides valuable development advantages, including no required parking minimums and the ability to build additional height on detached accessory structures and garages compared to non-UZO properties. Ideally, a buyer would pursue subdividing the property into two buildable lots. Current subdivision standards requires 52 feet of street frontage per lot, while this parcel presently offers 100 feet of total street frontage. However, discussions with zoning indicate several nearby properties have recently received exceptions despite having similar or even smaller frontage widths, making it likely a comparable exception could potentially be approved. Buyer to independently verify all subdivision and development possibilities. The existing home is likely best suited as a teardown and is being marketed primarily for land value and redevelopment potential. The original detached garage was previously converted into an apartment; however, electricity has been disconnected for many years. Additionally, the roof over the detached storage building/garage and the connecting storage area between the home and apartment has collapsed. The property does feature a basement along with some finished attic space. With strong redevelopment activity throughout East Nashville and close proximity to downtown, restaurants, retail, entertainment, and major commuter routes, this property presents a compelling opportunity for investors and builders seeking value-add or redevelopment potential in a rapidly growing area. Home is being sold as-is.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,010 | 1,734 | 65% |
| Lot Size | 17,860 | 12,632 | 74% |
| Price | $549.9K | $550.0K | 48% |
| Price per sq ft | $274 | $327 | 29% |
| Built year | 1936 | 1948 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 629 | 1% |
May 27, 2026
$549,900
Initial Listing