2405 Buchanan St, Nashville, TN 37208, Nashville, 37208 - 2 bed, 2 bath
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Nashville, TN 37208
This Prime Development Asset represents a High-Potential Investment Opportunity listed at a Firm Price of $299,900. While the $222,068 Fair Market Value reflects the current structure's Condition Rating of 5, the true value lies in the expansive 7,841 sqft lot. Situated in a high-growth area near the Buchanan Arts District and Downtown Nashville, the property is primed for new single-family construction or a total redevelopment strategy. This is a strategic acquisition for Real Estate Developers or Infill Investors seeking high-demand urban land.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2405 Buchanan St Subject | $299,900* List Price | 2 | 2 | 1,410 | $157 | - |
A 2111 14th Ave N Sold | $280,000 | 3 | 2 | 1,152 | $243 | 0.6 mi |
B 2605 Deerfield Dr Sold | $385,000 | 3 | 2 | 1,406 | $274 | 0.3 mi |
C 1618 9th Ave N Sold | $370,000 | 4 | 2 | 1,550 | $239 | 1.0 mi |
D 1737 23rd Ave N Sold | $230,000 List Price | 2 | 1 | 941 | 0.1 mi | |
E 1804 Cephas St Sold | $300,000 List Price | 4 | 1 | 1,368 | 0.6 mi | |
F 2114 15th Ave N Active | $299,900 List Price | 4 | 2 | 1,180 | $254 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930, this property is primarily marketed as a redevelopment or new construction opportunity. While currently standing, the interior shows dated finishes and exposed electrical conduit, and the listing description emphasizes the land's potential for a new build. The home requires substantial rehabilitation or replacement of all major systems to meet modern living standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1410.
Situated in a rapidly growing area near Downtown Nashville and the Buchanan Arts District, this property offers significant appreciation potential and high demand for new construction.
The property is conveniently located minutes from Vanderbilt and Fisk Universities, major hospitals, and Centennial Park, making it ideal for rental strategies or professional housing.
The listing requires a firm price and includes a seller contingency for finding suitable housing, which may complicate negotiations and create an unpredictable closing timeline.
The assigned public schools for this address currently hold low ratings (ranging from 2 to 4), which could limit the property's appeal to families with school-aged children.
FIRM PRICE and all offers wll be contingent upon the seller finding suitable housing. Attention Investors, Builders, and Savvy Buyers!: Excellent investment potential and a great opportunity for new single-family construction. Located in a rapidly growing area surrounded by new builds and ongoing developments, and just minutes from Downtown Nashville and the Buchanan Arts District.Located just minutes from Downtown Nashville, Vanderbilt University, Fisk University, Centennial Park, major hospitals, dining, and entertainment, this location continues to see strong growth and demand—making it highly attractive for short-term or long-term rental strategies, redevelopment, or new construction.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades PK-4 • 7.4 mi
Grades 5-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,410 | 1,477 | 47% |
| Lot Size | 7,841 | 6,316 | 81% |
| Price | $299.9K | $350.0K | 41% |
| Price per sq ft | $213 | $274 | 37% |
| Built year | 1930 | 1955 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 104 | 591 | 1% |
Mar 4, 2026
$299,900
Initial Listing