Subdividable Land Parcel For
For Sale
$325,000
8 Phillips Rd, Lebanon, TN 37087
5.23 acre lot suitable for building two homes.
Property SizeContact for details
Days on Market449
Property Features for 8 Phillips Rd
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$435
Listing Agency:
BEST REAL ESTATE ADVISORS
Listed By:
BOB SOREY · License #283604
(615) 758-6880
Source:
Corcoran
Added: Jun 11, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BEST REAL ESTATE ADVISORS
Investment Insights
Based on property information with market context.
This 5.23-acre property offers the potential to construct two homes, a rare find given the challenges of locating land that complies with established regulations. The parcel possesses sufficient soil to accommodate a 5-bedroom house and benefits from road frontage, facilitating subdivision. Wilson County mandates that each land tract have 50 feet of public road access and meet specific size requirements for subdivision. Given the asking price and the minimal cost to subdivide, this tract presents a unique opportunity due to the scarcity of subdividable building lots at this price point. Deed restrictions are minimal, focusing on house size, exterior construction materials, and other reasonable requirements to protect investment. There is no HOA requirement. A creek is located at the rear of the property, but FEMA maps do not indicate that the property is in a flood zone. With 190 feet of paved county road frontage and a depth of over 1200 feet, the tract meets subdivision requirements and offers the potential to build two single-family houses. Subdivision into two building lots will require a surveyor to process the property and submit it to planning. The property is located in Lebanon, TN.
Key Highlights
- Subdividable 5.23‑acre lot approved for two homes, a rare find due to stringent regulations.
- Minimal deed restrictions offer flexibility in construction and design.
- No HOA fees, providing cost savings and freedom from association rules.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 37087, TN
51,658
Population
21,800
Households
2.4
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
164.9 sq mi
ZIP Area
313
Density / Sq Mi
$80,978
Median Household Income
$43,253
Median Earnings
$1,134
Median Rent
$359,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 5.23 acre lot suitable for building two homes.
Where is this land located?
The property is located at 8 Phillips Rd Lebanon, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Subdividable 5.23‑acre lot approved for two homes, a rare find due to stringent regulations.; Minimal deed restrictions offer flexibility in construction and design.; No HOA fees, providing cost savings and freedom from association rules.
