2821 Georgia Ave, Nashville, TN 37209, Nashville, 37209 - 2 bed, 1 bath
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Nashville, TN 37209
This property presents a High-Potential Investment Opportunity with a List Price of $340,000—positioned well below the $357,483 Fair Market Value by 4%. This valuation gap offers $17,483 in Instant Equity for buyers. With a Condition Rating of 6, the existing structure is an AS-IS Asset best suited for redevelopment. The 51x150 Lot Size and Downtown View Potential provide significant upside for new construction. This is an ideal acquisition for Land-Value Investors or Residential Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2821 Georgia Ave Subject | $340,000* List Price | 2 | 1 | 883 | $405 | - |
A 304 37th Ave N Active | $350,000 List Price | 3 | 1 | 1,044 | $335 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1935 (89 years old) with no evidence of major renovation. The listing explicitly markets the property as a 'lot available' for new builds and is being sold 'AS-IS,' indicating the value is in the land rather than the structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 883.
The generous 51x150 lot size and the presence of multiple new builds in the immediate vicinity make this an ideal candidate for a high-value redevelopment project.
The property offers the potential for downtown Nashville views depending on the height and design of a new structure, a premium feature that significantly boosts resale value.
The existing 1935 structure is being sold in as-is condition, likely requiring a complete demolition or a total renovation to be viable, adding to the initial investment cost.
With only 883 square feet and a 2-bed, 1-bath configuration, the current home lacks the modern utility and scale expected by today's buyers, limiting its appeal to land-value investors.
Perfectly located lot available! Wood-lined for privacy, elevated lot potential for downtown views, pending what is built. Lot size 51x150 with several new builds going up in the area priced into the millions. Currently has a home on the lot, selling AS-IS. Interior photos and videos available upon request!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 883 | - |
| Lot Size | 7,405 | - |
| Price | $340.0K | $556.8K |
| Price per sq ft | $385 | $306 |
| Built year | 1935 | 0 |
| HOA | $0 | $0 |
| Days on market | 32 | 484 |
Jun 21, 2026
$340,000
Initial Listing