422 Croley Dr, Nashville, TN 37209, Nashville, 37209 - 3 bed, 1 bath
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Nashville, TN 37209
This property presents a High-Potential Investment Opportunity with a List Price of $399,900—positioned well above the $356,284 Fair Market Value by 12%. Featuring a Condition Rating of 6, this R-8 Zoned asset is a prime teardown candidate in a high-growth corridor. The 10,018 sq ft lot offers significant redevelopment potential for a two-unit build. Given the surrounding new construction sales reaching $1.4M, this is a strategic land play ideal for Developers or Fix-and-Flip Investors seeking to capitalize on Charlotte Park’s rapid appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 422 Croley Dr Subject | $399,900* List Price | 3 | 1 | 1,081 | $330 | - |
A 5900 Carl Pl Sold | $299,900 List Price | 2 | 1 | 781 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1947 (>50 years old) with no significant renovations; the listing explicitly markets the property as a 'teardown opportunity' and 'land play' for redevelopment, selling strictly as-is.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1081.
The oversized 10,018 sq ft level lot is zoned R-8, offering a rare opportunity for a potential two-unit redevelopment in a high-demand corridor.
With neighboring new construction sales ranging from $800k to $1.4M, this property presents a substantial equity opportunity for investors and developers.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The existing home is sold strictly as-is and is positioned as a land play, requiring significant investment for demolition or a complete rebuild.
Local middle and high schools carry lower ratings (3 and 4), which could be a consideration for families looking at the eventual resale value of new builds.
Prime redevelopment opportunity in the heart of Charlotte Park. Investors and developers, don't miss this rare chance to secure a level 60x164 lot totaling 10,018 sq ft in one of the area's fastest-growing corridors. Zoned R-8 with a potential 2-build opportunity (buyer to verify), this oversized lot is surrounded by multiple new construction homes with recent sales ranging from the high $800s to $1.4M — the upside is undeniable. The existing home is being sold strictly as-is, making this an ideal land play or teardown opportunity. Excellent location with convenient access to downtown, major interstates, and nearby shopping and dining.
No exterior & parking available.
Grades PK-4 • 0.7 mi
Grades PK-4 • 3.7 mi
Grades 5-8 • 2.2 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 | 24% |
| Square foot | 1,081 | 1,658.5 | 21% |
| Lot Size | 10,019 | 7,405 | 80% |
| Price | $399.9K | $468.8K | 37% |
| Price per sq ft | $370 | $329 | 64% |
| Built year | 1947 | 1956 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 841 | 1% |
May 22, 2026
$399,900
Initial Listing