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    905 Hickory Ridge Rd Lebanon, TN 37087

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    For Sale
    $289,900

    Permit-ready 0.38-acre lot approved for multiple dwellings.

    Property Features for 905 Hickory Ridge Rd

    General Information

    Standard status
    Active

    Source: KELLER WILLIAMS REALTY MT. JULIET Agent CHUCK BENSON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ready-to-Build Residential Lot

    This 0.38-acre lot presents an investment opportunity with approved permits from the City of Lebanon Planning Department for up to three dwellings. The plans allow for two 1,500-square-foot, two-story homes and a carriage-style structure featuring a multi-car garage and a 700-square-foot conditioned living space above. The RD9 zoning allows for multiple tenants or subdivision into two lots for individual construction. All infrastructure is in place. The property is located across from Byars Dowdy Elementary, less than a mile from Lebanon High School, and in close proximity to Cumberland University. The seller is open to owner financing with a significant down payment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks Home Improvement/Remodeling ... Plumber

    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
    State
    Tennessee
    Longitude
    -86.31821
    Latitude
    36.20594

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    FAQs

    What type of property is this?
    Residential land & home lot - Permit-ready 0.38-acre lot approved for multiple dwellings.
    Where is this residential land & home lot located?
    The property is located at 905 Hickory Ridge Rd Lebanon, TN.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: - Permit-ready for up to three dwellings: **two 1,500sf 2-story homes and a 700sf carriage-style structure.**; - Opportunity for multiple tenants or subdivision into two lots.; - RD9 Zoning allows for flexible development options.
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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
    905 Hickory Ridge Rd Lebanon, TN 37087
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