875 Granada Ave, Nashville, TN 37206, Nashville, 37206 - 2 bed, 2 bath
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Nashville, TN 37206
This Shovel-Ready Development Project represents a High-Potential Investment Opportunity with a List Price of $365,000, aligning with its $365,000 Fair Market Value. The value proposition is driven by the Two-Unit Build Lot status, which includes architectural plans and surveys for over 5,000 sqft of new construction. Located in a prime East Nashville pocket near McFerrin Park, the asset sits adjacent to a $1.12M neighboring property, signaling massive ARV potential. This Development-Ready Condition asset is a strategic acquisition for Real Estate Developers or Speculative Investors looking to maximize density.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a 'shovel-ready project' and a '2-build lot,' including architectural plans and surveys for new construction. Built in 1941, the existing structure is being bypassed in favor of redevelopment, with the listing price reflecting land and project value rather than a livable residence.
The property is a turnkey development project including architectural plans, topo, and boundary surveys, significantly reducing the pre-construction timeline and costs for a two-unit build.
Situated in a high-demand pocket near McFerrin Park and Mas Tacos, the location is proven by a neighboring $1.12M property, suggesting strong After Repair Value (ARV) and appreciation potential.
The ability to build two units totaling over 5,000 sqft of heated and cooled space on a single lot allows investors to maximize density and significantly increase potential profit margins.
The assigned public schools for this address carry low ratings (ranging from 1 to 3), which may deter families and limit the pool of prospective end-buyers.
Listed as a Stock Cooperative, this rare ownership structure in the Nashville market can complicate traditional financing and may require specialized lenders or cash-heavy buyers.
DISCOUNTED PRICE ON THIS SHOVEL-READY PROJECT! Welcome back to East Nashville. Hello MAS TACOS, McFerrin Park and PUBLIX, Hello killer project! Your neighbor, house right next door, a cool $1.12M of worth. And you are building 2 units. Offered at $365k out the door for this 2-build lot, plus we are giving you a topo + boundary survey, plus house plans. You are all set and locked in. Architectural drawings call for two units / 2513 sqft heated & cooled / 3080 sqft total w 2 car garage and double balconies.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades PK-4 • 0.6 mi
Grades PK-4 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 11% |
| Baths | 2.0 | 3.0 | 9% |
| Square foot | 1,994 | 2,182 | 29% |
| Lot Size | 6,970 | 1,307 | 83% |
| Price | $365.0K | $689.9K | 9% |
| Price per sq ft | $183 | $327 | 9% |
| Built year | 1941 | 2018 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 265 | 211 | 60% |
Aug 1, 2025
$365,000
Initial Listing
Jul 27, 1995
$18,000
Public Record