2616 Martway Drive, Nashville, TN 37217, Nashville, 37217 - 0 bed, 0 bath
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2616 Martway Drive
Nashville, TN 37217
ACTIVE
CONDITION: TEAR DOWN
0Beds
0Baths
1,350Sq Ft
0Lot Size
Property Price
LIST PRICE$799,900
SUMMARY
1.62 acres Approved Office/Retail Commercial PUD-with Sewer & City Water-Two tracts of land included in this price-Both parcels sold together with 1 price of $799,900. Zoned Commercial-Office/Retail. See Approved PUD. Located at New Police Precinct Commercial District. Great Access to red light and out bound traffic. Great opportunity for high density project with high Murfreesboro Road Visibility! Site is Approved and Available for buildout with existing plan. 2nd parcel current use is Duplex as income until development. See MLS # 3598335 for additional information.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
The property was built in 1967 (over 50 years old) with no updates or renovations mentioned. The listing heavily emphasizes the 1.62-acre commercial PUD redevelopment potential and land value, indicating the existing structure is intended for removal to accommodate a high-density buildout.
PROSSTRENGTHS & OPPORTUNITIES
- Development Readiness
The property is an approved Commercial PUD for office/retail use with sewer and city water already available, significantly reducing the pre-development timeline for high-density projects.
- Strategic Location and Visibility
Situated in a growing commercial district near a new police precinct, the site offers high visibility from Murfreesboro Road and excellent access to traffic signals and outbound routes.
- Immediate Income Potential
The inclusion of a duplex on the second parcel provides a steady stream of rental income, offering financial carry support while the owner navigates the development and buildout phases.
CONSRISKS & DEFICIENCIES
- Aging Existing Structure
With the primary structure built in 1967, the property may require significant maintenance or demolition costs to transition the site to its highest and best commercial use.
- Acquisition Complexity
The requirement to purchase two separate tracts together at a premium price point may limit the pool of buyers to experienced developers rather than smaller-scale investors.
About 2616 Martway Drive
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1967
- Lot Size
- -
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,350 | 1,967.444 |
| Lot Size | - | - |
| Price | $799.9K | $455.6K |
| Price per sq ft | $593 | $238 |
| Built year | 1967 | 1964 |
| HOA | $0 | $0 |
| Days on market | 35 | 82 |
Pricing History
Listed for Sale
Sep 19, 2026
$799,900
Initial Listing