2138 Buena Vista Pike, Nashville, TN 37218, Nashville, 37218 - 1 bed, 1 bath
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Nashville, TN 37218
This property presents a High-Potential Investment Opportunity with a List Price of $499,900—positioned above the $324,780 Fair Market Value. While the current structure carries a Condition Rating of 6 as a tear-down, the site offers rare SP-MUL zoning for luxury development. This shovel-ready asset provides immediate access to the lucrative NOO-STR market in a high-growth corridor. With a generous 11,326 sqft lot, this is a strategic acquisition for Real Estate Developers or Short-Term Rental Investors seeking to maximize ROI through new construction.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2138 Buena Vista Pike Subject | $499,900* List Price | 1 | 1 | 976 | $333 | - |
A 2306 Alpine Ave Active | $399,990 List Price | 2 | 1 | 1,072 | $373 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1930 and over 90 years old with no renovations noted, the listing explicitly identifies the structure as a tear-down, focusing on land value for luxury redevelopment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 976.
The property features rare SP-MUL zoning, making it eligible for Non-Owner Occupied Short-Term Rentals, a highly lucrative and sought-after investment class in the Nashville market.
As a shovel-ready site with freshly approved zoning for luxury development, investors can bypass the lengthy and uncertain rezoning process to begin construction immediately.
The existing structure is a complete tear-down, necessitating additional capital expenditure for demolition and site clearing before any new development can commence.
The local school district has low ratings, specifically a 1/10 for the high school, which may limit the property's long-term appeal to traditional residential buyers or families.
INVESTOR SPECIAL: NOO-STR ELIGIBLE! Rare opportunity to capitalize on this freshly approved SP-MUL zoning. Site is shovel-ready for a luxury development. Ideally located for short-term rentals, this property offers maximum ROI potential in a high-growth corridor. Don't miss out on one of the few remaining spots in Nashville where you can build and operate non-owner occupied rentals! House is a tear down.Do Not Disturb Tenant
No exterior & parking available.
Grades PK-4 • 2.5 mi
Grades 5-8 • 8.3 mi
Grades 9-12 • 5.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 2% |
| Baths | 1.0 | 2.0 | 16% |
| Square foot | 976 | 1,488 | 9% |
| Lot Size | 11,326 | 10,019 | 51% |
| Price | $499.9K | $365.0K | 87% |
| Price per sq ft | $512 | $191 | 98% |
| Built year | 1930 | 1973 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 312 | 2% |
May 13, 2026
$499,900
Initial Listing