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321 Larkin Springs Rd Madison, TN $ 4,000,000
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321 Larkin Springs Rd
$ 4,000,000
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321 Larkin Springs Rd

Madison, TN, 37115
$ 4,000,000
Baths0.0 Sq 259,182

Monthly Estimate*

$ 26,585

321 Larkin Springs Rd, Madison, TN 37115 - Image 1
Studio

Commercial Property for sale in Madison, TN

for $4,000,000. This 259,182 square foot building was built on a lot size of 5.95.

This Property combined 3 Parcels of Raw Land ONLY ( MUL-A ZONING ) which has NO restrictions on building 70 separate units of NON OWNER OCCUPIED SHORT TERM RENTALS or STR's or you could build Apartments with this current zoning. The plans are fully approved by Metro for 70 units of Townhomes. PLUS there are 3 parcels to build single family homes that cannot be Short Term Rentals . For a Total of 73 units. (70 Townhomes and 3 single family homes )on all 3 parcels. We have all engineered drawings from Dale and Associates. We also have bids from our dirt and infrastructure contractors and bids to construct the vertical buildings. From those bids we feel the cost will be105k per build ready pads (built in 4 separate phases) that includes the land and infrastructure. #1 Phase is 17 Units. This is an extremely different kind of land because land zoned MUL-A is normally apartment developments. I would possibly consider a partnership/JV

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Commercial Active

Price

$ 4,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Unimproved Land

Lot Size

5.95

Town/City

Madison

County/Region

Davidson

MLS | Web ID

2652338
Features
General
Possession Close Of Escrow
Zoning MUL-A
Property SubType Unimproved Land
County Davidson County TN
Property Type Commercial Sale
Status Active
Directions It's 4 miles from The Home Depot in East Nashville to the property Go Gallitan Pike 3.3 miles out of East Nashville Toward Madison Tn Turn Right on Neely's Bend go 1.6 miles Turn Left on Larkin Sprin
City Madison
Waterfront Y/N N
Street Name Larkin Springs Rd
Days on Market 2
Building Area Units Square Feet
Standard Status Active
Total Actual Rent 0
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Exterior
Total Parking 0
Lot Size Area 5.95
Building Area Total 259182
Lot Size Acres 5.95
Lot Size Units Acres
Lot Size Source Survey
Covered Spaces 0
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Interior
Air Conditioning Y/N N
Heating Y/N N
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Internal Only
Street Number 1 321
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* Excluded Features
List By
Exp Realty

Broker

Jaynelsonteam.dean@gmail.com

Email

Affordability Calculator

$26,585
Per Month
100%
0%
0%
Monthly Principal & Interest
$26,585
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
245588 Elementary School
245705 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/7/2024$4,000,000 Listed Price

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321 Larkin Springs Rd, Madison, TN, 37115 is a Commercial Property for sale at $4,000,000 with 259,182 sqft and a lot size of 5.95. 321 Larkin Springs Rd is a studio with 0.0 baths. The property's zip code is 37115 which is in Madison, TN

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