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    16 Hartmann Dr Lebanon, TN 37087

    For Sale
    $850,000

    High-traffic location, 6 acres, 261,359 sqft.

    Property size:
    261,359 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional 6-acre mixed-use property at 16 Hartmann Drive in Lebanon, Tennessee, presents a unique investment opportunity. Boasting a substantial 261,359 square feet, this site is ideally positioned in a high-traffic area, diagonally across from a newly constructed gas station at the intersection of Hartmann Drive and Highway 231N. The property's current zoning is Residential, following a recent change from Agricultural, reflecting the growth of higher-density residential areas adjacent to the land. This presents significant potential for a variety of developments, including but not limited to office complexes, grocery stores, auto dealerships, or multi-family housing. The seller is offering the land in its current condition, acknowledging the existing zoning. A key advantage is the seller's willingness to collaborate with the buyer on any necessary zoning adjustments to facilitate the buyer's chosen development plan. The sale price is $850,000. The buyer is responsible for all costs associated with due diligence, including any required land surveys, zoning and planning approvals, and all title-related or development expenses. This is a prime opportunity for an investor or developer seeking a high-visibility location with significant development potential in a rapidly growing area.

    Property Features for 16 Hartmann Dr

    General Information

    Property type
    Mixed-use properties
    Square Feet
    261,359 SF
    Lot Size
    261,360 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Wilson County, TN
    State
    Tennessee
    Longitude
    -86.32204
    Latitude
    36.21338

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    FAQs

    What type of property is this?
    Mixed-use property - High-traffic location, 6 acres, 261,359 sqft.
    Where is this mixed-use property located?
    The property is located at 16 Hartmann Dr Lebanon, TN.
    What is the asking price?
    The asking price for this property is $850,000.
    (615) 288-8292
    Request Owner's contact information
    16 Hartmann Dr Lebanon, TN 37087
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    Lebanon, TN 37087
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16 Hartmann Dr Lebanon, TN 37087
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