
Nashville, TN 37209
This Nashville Development Asset represents a High-Potential Investment Opportunity listed at $409,900. With a Condition Rating of 6, the existing structure is a teardown, shifting the focus to the massive 15,682 sqft R8-zoned lot. This zoning provides the rare potential to construct two homes in a rapidly appreciating submarket near Charlotte Park Elementary. Located minutes from downtown, the property’s value is driven by its land utility and development density. It is an ideal project for Builders and Real Estate Developers seeking a high-yield fresh start.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 407 W Bend Dr Subject | $399,900* List Price | 3 | 1 | 1,147 | $311 | - |
A 603 Bagleyshop Dr Active | $465,000 List Price | 2 | 2 | 1,263 | $368 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1950 with no evidence of renovation, the property is marketed as a builder opportunity for land value. The listing explicitly warns not to enter the structure, and images show a completely gutted, unlivable interior with significant safety concerns.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15682, living area = 1147.
The R8-zoned lot offers significant investment potential with the possibility of constructing two homes, making it an ideal opportunity for builders and developers.
Situated in a highly accessible part of Nashville, the property is just a short distance from downtown, popular dining options, and major transit routes.
The existing structure is in severe disrepair and unsafe for entry, necessitating a full gut renovation or complete demolition.
The property is being sold in its current condition with no repairs or warranties, requiring the buyer to assume all costs for site clearing and remediation.
Builder Opportunity! R8-zoned lot with huge potential. Think two homes—just confirm the details. You’re a quick hop from downtown Nashville, great food, and easy access to everything. The current structure? Not great—don’t go inside. It’s an as-is sale, perfect for either a full gut job or a fresh start.
No exterior & parking available.
Grades PK-4 • 0.7 mi
Grades PK-4 • 3.6 mi
Grades 5-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 23% |
| Square foot | 1,147 | 1,667 | 23% |
| Lot Size | 15,682 | 7,405 | 90% |
| Price | $399.9K | $510.0K | 34% |
| Price per sq ft | $349 | $339 | 55% |
| Built year | 1950 | 1957 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 705 | 1% |
May 13, 2026
$399,900
$409,900
-2% Price Drop
Initial Listing
Apr 30, 2026
$409,900
Initial Listing