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    901 Roosevelt Ave Madison, TN 37115

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    For Sale
    $899,900

    Entitled 14-lot development opportunity in Nashville with STR eligibility.

    Property size:
    1 SF
    Lot size:
    1.01 Acres

    Property Features for 901 Roosevelt Ave

    General Information

    Size
    1 SF
    Lot size
    1.01 Acres

    Source: Brian Truman Agent Brian Truman

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

    Overview

    Nashville Shovel-Ready Residential Development

    This is a fully entitled, shovel-ready opportunity to develop 14 single-family homes in Nashville. The property is ideally positioned on a spacious approximately 1.01-acre site. Approved grading permits and comprehensive architectural, civil, and engineering plans allow for immediate ground-breaking. The sale includes all surveys, utility plans, environmental/geotech reports, and proformas. Existing water, sewer, and electrical services are on site, minimizing timelines and risks. The Sp: Specific Plan District zoning allows for short-term rental use and offers flexibility for additional commercial applications, enhancing the property's income potential. Located at 901 Roosevelt Avenue, the property is in the growing neighborhood of 37115. The area presents an array of attractions. The location offers convenient access to the downtown area, tenants will appreciate the abundance of entertainment and cultural hotspots. All lots are STR eligible and architectural plans are completed, as well as civil engineering.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6895016
    Latitude
    36.269758

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    FAQs

    What type of property is this?
    Residential land & home lot - Entitled 14-lot development opportunity in Nashville with STR eligibility.
    Where is this residential land & home lot located?
    The property is located at 901 Roosevelt Ave Madison, TN.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: - Shovel-ready: Begin construction immediately with fully entitled land, approved grading permits, and complete architectural, civil, and engineering plans for 14 single-family homes.; - Short-Term Rental (STR) Eligible: Zoned Sp: Specific Plan District, allowing short-term rentals for all 14 detached homes.; - Prime Nashville Location: Situated on a spacious ±1.01-acre site in a growing Nashville neighborhood (37115).
    (615) 260-2121
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    Madison, TN 37115
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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
    901 Roosevelt Ave Madison, TN 37115
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