709 40th Ave N, Nashville, TN 37209, Nashville, 37209 - 0 bed, 0 bath
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Nashville, TN 37209
This High-Density Development Site is listed at $550,000, representing a market-accurate entry point relative to its $539,926 Fair Market Value. As a High-Potential Investment Opportunity, the .26-acre cleared lot is Zoned for up to 5 residential units, offering exceptional ROI potential through urban densification. Currently holding a Condition Rating of 6, the property is shovel-ready with included builder plans and surveys. Located just minutes from downtown Nashville and the Charlotte Pike corridor, this is a strategic acquisition for Real Estate Developers and Spec Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 709 40th Ave N Subject | $550,000* List Price | 0 | 0 | 1,434 | $377 | - |
A 1115A 38th Ave N Active | $459,900 List Price | 3 | 2 | 1,239 | $371 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is currently a cleared, vacant lot intended for new development. Although the listing records a build year of 1938 and 1,434 square feet, the images and description explicitly state the lot has been cleared and is ready for up to five residential units. There are no existing structures, kitchens, bathrooms, or mechanical systems to evaluate, placing it in the tear-down category as the value is entirely in the land.
The property is zoned for up to five residential units on a flat, cleared .26-acre lot, offering significant density and ROI potential for developers in a high-demand area.
Situated just five minutes from downtown Nashville and within walking distance to the proposed Publix on Charlotte Pike, the location is highly desirable for future residents seeking urban convenience.
The lot is already cleared and includes builder plans, elevations, and surveys in the media section, significantly reducing the lead time and soft costs for a new construction project.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1307, other record lot size in square feet = 5663.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1307, living area = 1434.
The immediate area is heavily surrounded by new developments, which may lead to high inventory competition and potential price saturation when the finished units hit the market.
.26 flat, cleared acres just blocks from Charlotte Pike and 5 minutes to downtown. Zoned for up to 5 residential units. Survey, builder plans and elevations attached in media section. Within walking distance to the proposed Publix on Charlotte. Surrounded by new developments! Great proximity to all the wonderful retail that the west downtown corridor has to offer. Lot has been cleared and can be walked at any time.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 0% |
| Baths | 0.0 | 2.0 | 0% |
| Square foot | 1,434 | 1,640 | 36% |
| Lot Size | 1,307 | 7,405 | 12% |
| Price | $550.0K | $525.0K | 51% |
| Price per sq ft | $384 | $342 | 64% |
| Built year | 1938 | 1960 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 688 | 0% |
Mar 27, 2026
$550,000
Initial Listing