
Nashville, TN 37207
This Prime Development Asset represents a High-Potential Investment Opportunity with a List Price of $450,000, matching its $450,000 Fair Market Value. Given the Condition Rating of 6, the existing 1899 structure is a candidate for demolition to unlock the site's Zoning for 2 Homes. The property features Alley Access and potential Nashville City Skyline Views, situated in the high-growth McFerrin Park area near Rivernorth. With survey and build plans included, this is a turnkey project for Real Estate Developers or Speculative Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 310 Arrington St Subject | $450,000* List Price | 5 | 3 | 2,642 | $170 | - |
A 226 Berry St Sold | $499,000 List Price | 3 | 3 | 2,850 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1899, this property is explicitly marketed as a prime development opportunity for two new homes. The exterior shows significant neglect and the listing includes build plans for redevelopment, indicating the existing structure is likely unlivable and holds no value relative to the land.
The property is zoned to allow for two homes and includes alley access, survey, and build plans, making it a prime turnkey opportunity for developers or investors.
Located in the heart of booming McFerrin Park and directly across from popular local landmarks like Red Headed Stranger, the property offers a highly desirable urban lifestyle.
Proximity to the massive upcoming Rivernorth development ensures significant long-term appreciation and places the property in the path of Nashville's most aggressive growth.
The local public schools are currently rated low (2-3 out of 10), which may be a deterrent for families and could impact future resale value to owner-occupants.
Built in 1899, the existing structure likely requires extensive renovation or demolition to meet modern standards, necessitating significant upfront capital beyond the purchase price.
Incredible location and zoned to allow 2 homes to be built. Situated almost directly across from Red Headed Stranger in booming McFerrin Park, this property is as walkable as it gets! This opportunity is PRIME for new development given not only what already exists in this neighborhood, but what’s set to come right next door at Rivernorth. This property has alley access and could have great views depending on the future build. Survey and build plans available.
No exterior & parking available.
Grades PK-4 • 0.1 mi
Grades PK-4 • 0.4 mi
Grades 5-8 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,642 | 2,093.129 |
| Lot Size | 8,712 | 10,890 |
| Price | $450.0K | $568.3K |
| Price per sq ft | $170 | $307 |
| Built year | 1899 | 1971 |
| HOA | $0 | $137 |
| Days on market | 555 | 69 |
Mar 3, 2025
$450,000
Initial Listing