8 Phillips Rd Lebanon, TN 37087
5.23 acre lot suitable for building two homes.
Property Features for 8 Phillips Rd
General Information
- Standard status
- Active
Source:
Corcoran
Listing Agent: Bob Sorey
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Subdividable Land Parcel For Sale
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Wilson
- State
- Tennessee
- Longitude
- -86.216122
- Latitude
- 36.260362
Nearby Similar for Sale
FAQs
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.