
Nashville, TN 37216
This property presents a High-Potential Investment Opportunity with a List Price of $328,000—positioned well above the $279,074 Fair Market Value. While the current structure holds a Condition Rating of 6, the RS7.5 Zoning and expansive 11,761 sqft lot provide significant redevelopment upside, especially when combined with the adjacent parcel. This asset is strictly a land-value play, requiring demolition or major capital expenditure. It is an ideal acquisition for Residential Developers or Speculative Investors focused on maximizing density in the Nashville market.
Property is land value only, full reconstruction required.
Built in 1948 and marketed explicitly as a 'new build' opportunity, the property is being sold 'as-is' with the description emphasizing land value and redevelopment potential. The structure is aged, and the listing suggests demolition to maximize the RS7.5 zoning.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 848.
The property is marketed as a prime candidate for a new build, with the unique option to combine it with the adjacent lot (803 Gwynn) to create a substantial half-acre development site.
Zoned RS7.5, the lot offers specific residential density advantages that are highly attractive to developers and investors looking to maximize land use in the Nashville market.
The property is being sold in as-is condition and is primarily valued for its land, implying the existing 1948 structure likely requires demolition or a total renovation.
With over 660 days on the market, the listing may face perception challenges regarding its pricing or underlying value compared to more recent inventory.
Great opportunity for a new build..Combine with 803 Gwynn for almost half an acre. RS7.5 zoning. 24 hour notice to show.Property being sold as-is.
No exterior & parking available.
Grades PK-4 • 2.7 mi
Grades 5-8 • 0.8 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 848 | 2,093.129 |
| Lot Size | 11,761 | 10,890 |
| Price | $315.0K | $568.3K |
| Price per sq ft | $371 | $307 |
| Built year | 1948 | 1971 |
| HOA | $0 | $137 |
| Days on market | 813 | 69 |
Sep 2, 2026
$315,000
$328,000
-4% Price Drop
Initial Listing
Jul 7, 2026
$328,000
$350,000
-6% Price Drop
Initial Listing
Jun 18, 2024
$350,000
Initial Listing