This property presents a High-Potential Investment Opportunity with a List Price of $279,900, positioned at its $279,900 Fair Market Value. Featuring a Condition Rating of 6, this asset is explicitly marketed as a tear-down opportunity to facilitate a lot split into two parcels. Located just 5 miles from Downtown Nashville near the rapidly developing Dickerson Pike corridor, the site offers significant upside for new construction. This is an ideal acquisition for Residential Developers or Fix-and-Flip Investors seeking to maximize density in a high-growth urban market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2910 Morningside Dr Subject 2 bd · 1 ba · 656 sqft · $427 | $279,900* List Price | 2 | 1 | 656 | $427 | - |
A 2900 Morningside Dr Active 3 bd · 1 ba · 720 sqft · $417 · 0.0 mi | $299,900 List Price | 3 | 1 | 720 | $417 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1951 (75 years old) with no recorded renovations; the listing explicitly markets the property as a tear-down opportunity to facilitate a lot split for new construction.
The property offers a significant value-add opportunity as the lot can be split into two separate parcels upon the removal of the existing structure, doubling the potential for new builds.
Situated just 5 miles from Downtown Nashville and near the rapidly developing Dickerson Pike corridor, the property is perfectly positioned to benefit from local urban revitalization.
With high levels of new construction activity in the immediate area, this lot provides flexibility for either a complete renovation or a lucrative ground-up development project.
To capitalize on the lot split, the buyer must incur the cost and effort of demolishing the current structure, as it currently straddles the potential property line.
With 192 days on the market, the listing may face buyer fatigue or perceived overpricing, potentially requiring a more aggressive strategy to close.
This lot can be split into two parcels with a simple quitclaim deed, only if you tear down home, great value! In order to do this there cannot be a structure straddling the property line so this applies to tear down existing structure and new build only. 5 miles to Downtown, easy access to the interstate. Right off Dickerson which is hot with new development. Opportunity to renovate or build new on this lot where all new activity is occurring! 2900 Morningside (MLS#: 3150047) also for sale by seller.
No exterior & parking available.
Grades PK-4 • 1.1 mi
Grades PK-4 • 2.4 mi
Grades 5-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 656 | 2,045.139 |
| Lot Size | 6,970 | 10,890 |
| Price | $279.9K | $556.0K |
| Price per sq ft | $427 | $305 |
| Built year | 1951 | 1971 |
| HOA | $0 | $133 |
| Days on market | 220 | 70 |
Mar 18, 2026
$279,900
Initial Listing