1811 Shelby Ave, Nashville, TN 37206, Nashville, 37206 - 3 bed, 1 bath
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Nashville, TN 37206
This Development Package and Historic Restoration Project is a High-Potential Investment Opportunity listed at $2,700,000, matching its $2,700,000 Fair Market Value. This rare asset features four lots with R6 Zoning in Lockeland Springs, near Warner Elementary, offering potential for four dwellings. While the 1899 home has a Condition Rating of 5 requiring extensive restoration, the site’s density provides a significant Value-Add path. This complex acquisition is ideal for Real Estate Developers and Historic Preservationists seeking to maximize ROI in a high-demand historic district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1811 Shelby Ave Subject | $2,700,000* List Price | 3 | 1 | 2,179 | $1,239 | - |
A 207 S 13th St Sold | $2,300,000 | 2 | 1 | 1,465 | $1,570 | 0.6 mi |
B 1200 Russell St Sold | $2,100,000 | 3 | 2 | 1,614 | $1,301 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1899, the property is described as requiring 'extensive restoration' and 'significant renovation' to restore its historic integrity. The listing explicitly states the provided photo is dated and intended to show how the home 'could look again,' implying the current state is likely dilapidated. As a package deal focused on land development and historic preservation, the structure lacks modern systems, and no evidence of a functional kitchen or bathroom is provided.
This rare package deal includes four lots with R6 zoning, allowing for multiple two-family residences or detached accessory dwelling units, offering massive upside for investors or developers.
Situated in the highly desirable Lockeland Springs neighborhood, the property features a 1899 historic home that provides exceptional character and prestige in a high-demand Nashville market.
The property offers flexible development paths, including the potential for SP Zoning and the ability to revert underlying lot lines to maximize the number of allowable dwellings on the site.
Located within the Neighborhood Conservation Overlay, all new construction and modifications require Historical Commission approval, which may limit design flexibility and increase project timelines.
The historic home at 1811 Shelby requires significant renovation to restore its original integrity, and the existing church structure on adjacent lots presents additional demolition or conversion costs.
Photo is dated and meant to portray how the historic home could look again. This is a package listing and price includes the 4 lots that encompass 1809, 1811, (1813 & 1815) Shelby Ave. Nashville, TN 37206. The Universal Christian Holiness Church currently straddles both 1813 &1815 Shelby Ave. - however, per Zoning, could revert the two underlying lots back to their original lot line. There could then be 4 lots, all with a current zoning of R6 and each lot would be two-family eligible, totaling in 4 dwellings maximum for the two lots. The historic home on 1811 Shelby needs to remain (not its modifications) and a second family residence OR a detached accessory dwelling use (DADU) would be allowed. All the lots are in the Neighborhood Conservation Overlay for Lockeland Springs, so any new buildings need approval from the historical commission and be built to their design standards for the neighborhood. NOTE: There is potential for SP Zoning if designs adhere to historical standards and approved by appropriate channels. Again, current zoning is R6 for all 4 lots.
No exterior & parking available.
Grades PK-4 • 1.2 mi
Grades PK-4 • 1.4 mi
Grades 5-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 2,179 | 1,856 | 65% |
| Lot Size | 7,405 | 7,841 | 41% |
| Price | $2.70M | $584.9K | 100% |
| Price per sq ft | $1.2K | $356 | 97% |
| Built year | 1899 | 1938 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 530 | 712 | 45% |
Nov 9, 2024
$2,700,000
Initial Listing