Prime Building Lot in 12 South – Ideal for New Construction. Located in the highly desirable northwest corner of 12 South, just off 12th Ave S, this prime lot offers unmatched convenience to Belmont, Edgehill, The Gulch, and is just four blocks from the new Ashwood Commons shopping center and… Read More the heart of 12 South’s commercial district. This property is best suited for new construction rather than renovation, as it is non-contributing and sits outside of a historic overlay. A favorable front setback allows for a home to be positioned closer to the street, maximizing backyard space. The freshly paved alley behind the property is among the widest and most accessible in the neighborhood opportune for construction staging and delivery. The sale includes a survey and building plans, with additional development groundwork already in progress by the current owner—details to be made available to the buyer. While the existing structure is in decent condition for its age, it offers minimal architectural charm and limited value for renovation. Seize this opportunity to build in one of Nashville’s most sought-after neighborhoods! Plans are for a 5BR / 5.2BA, 4030 sqft, three story single fam home with attached 2 car garage and elevator shaft. Multiple pricing and development strategies show this property can easily exit in the mid $2M's with a 20-25% Projected ROI based on a 80% LTV Maximum. Projections are available upon request. Read Less
Courtesy of Compass.
Listing Snapshot
Days Online
47
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
1,000
Lot Size
0.14 Acres
Year Built
1950
MLS Number
RTC2791250
30 Days Snapshot Of 37203
$651k
+6%
(avg) sold price
20
-25%
homes sold
92
+6%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Description: "None"
Basement
Description: "Other"
Building
Finished Area Above Grade: 1000, Area: 1000, Building Area: 1000, Construction Materials: "Other", Levels: "One", Stories: 1, Year Built: 1950, Year Built Details: APROX
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