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426 Murfreesboro Pike Nashville, TN 37210

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For Sale
$1,499,000

Prime .47 acre parcel near downtown Nashville for redevelopment.

Lot size:
0.48 Acres

Property Features for 426 Murfreesboro Pike

General Information

Lot size
0.48 Acres

Source: Beachwood Commercial Real Estate Brokerage Agent Beau Beach

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


Overview

Murfreesboro Pike Development Opportunity

The Lee Motel, featuring 19 rooms and an updated owner’s suite, is situated on a .47 acre parcel. The property is located in the Murfreesboro Pike corridor, with traffic counts exceeding 22,000 vehicles per day. It is located two miles from downtown Nashville and less than a mile from Trevecca University. The site is two miles from The Gulch and four miles from the Nashville Yards development. The property is zoned CS (Commercial Services) with one overlay OV-UZO (Urban Zoning Overlay District). CS Zoning permits apartment development with conditions, and OV-UZO removes the parking requirements. The property is located in an “Urban Services District” which qualifies it for Metro’s “Adaptive Residential Provision”. The neighboring development, 432 Flats, was built on the same sized parcel in 2022 and consists of 24 condominium units. Nashville’s “Choose How You Move” transit plan is a $3.1 billion investment that promises to significantly uplift Murfreesboro Pike. As one of the city’s ten designated “All-Access Corridors”, it will see upgraded transit lanes, signal-priority systems, and more frequent buses running at least every 15 minutes. Overall bus service along Route 55 is being ramped up to 15-minute frequency during weekdays and weekends. These improvements are likely to boost foot traffic, transit access, pedestrian friendliness, and overall corridor desirability.
Insight Report Location Intelligence

Current Use by Public Records

Lee Motel Motel

Suggested Use

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

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

Similar Places Nearby

Scottish Inns Nashville, TN, Boone Convocation Center, Nashville Love Shack, Our Motel For Adele, Nashville Vacation Rentals

Location Insight

  • Map
  • Local Demand
City
Nashville
County
Davidson
State
Tennessee
Longitude
-86.7470724
Latitude
36.1439851

FAQs

What type of property is this?
Motel - Prime .47 acre parcel near downtown Nashville for redevelopment.
Where is this motel located?
The property is located at 426 Murfreesboro Pike Nashville, TN.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: - Prime location in the rapidly gentrifying Murfreesboro Pike corridor, less than 10 minutes from downtown Nashville.; - Zoned CS with OV-UZO, permitting apartment development with no density or floor area ratio restrictions and removes parking requirements.; - Located in an "Urban Services District" qualifying it for Metro’s "Adaptive Residential Provision" for expedited high-density mixed-use or residential development approval.
More about this property
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