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Commercial Land with Rental Income
For Sale
$1,000,000

809 Carthage Hwy, Lebanon, TN 37087

Commercial zoned land with rental income and development potential.

Property Size2,404 SF
Price / SF$415.97
Days on Market433

Property Features for 809 Carthage Hwy

General Information

Standard status Active
Size 2,404 SF

Building Details

Year Built 1954
Listing Agency: KELLER WILLIAMS REALTY MT. JULIET
Listed By: CHUCK BENSON · License #342655
Source: Corcoran
Added: Jul 3, 2025 Changed: Mar 16 Last Checked: Sep 8 at 6:54AM

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 KELLER WILLIAMS REALTY MT. JULIET

Investment Insights

Based on property information with market context.

This property presents an investment opportunity with four fully leased and occupied rental houses. Zoned as commercial with a current land use of household units, the property offers potential for redevelopment into condos, townhouses, or other commercial ventures. All houses have been remodeled within the past 5 years, and all mechanical systems are in good working condition. The property is located in a fast-growing area with many commercial opportunities. The property size is 2404 square feet.

Key Highlights

  • Investment opportunity: 4 fully leased rental houses provide immediate income.
  • Commercial zoning allows for potential redevelopment into condos, townhomes, or other commercial ventures.
  • Seller financing available.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Dental Office Garden Center Nail Salon (Bike/Boat/Book/etc) Store Bakery Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

257
Businesses Nearby

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Commercial zoned land with rental income and development potential.
Where is this commercial land located?
The property is located at 809 Carthage Hwy Lebanon, TN.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Investment opportunity: 4 fully leased rental houses provide immediate income.; Commercial zoning allows for potential redevelopment into condos, townhomes, or other commercial ventures.; Seller financing available.
More about this property
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