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Shovel-Ready Development Opportunity in Nashville
For Sale
$1,900,000

813 Watts Ln, Nashville, TN 37209

Fully entitled site for 18 attached residential units near Downtown.

Property SizeContact for details
Days on Market534

Property Features for 813 Watts Ln

General Information

Standard status Active

Site & Location

Neighborhood West Nashville

Building Details

Year Built 1958
Listing Agency: COMPASS
Listed By: RACHAEL HARMON
Source: Corcoran
Added: May 16, 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 COMPASS

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Investment Insights

Based on property information with market context.

This is a shovel-ready development opportunity located in West Nashville. The site is fully entitled and has an SP for 18 attached residential HPR units. Site, utility, stormwater, and landscape plans are already in place. The property is approved for up to 3 stories, with a height of 30 feet to the eave. Each unit can be approximately 2,400 square feet and include two-car garages. Builders and developers only need to finalize architectural designs for final approvals. Survey and all civil documents are included. The property is conveniently located 16 minutes from Downtown Nashville, 4 minutes from Nashville West shopping, and 25 minutes from Nashville International Airport.

Key Highlights

  • Shovel‑Ready Development Opportunity: Fully entitled with SP for 18 attached residential HPR units.
  • Approved for up to 3 stories (30' to eave) with approx 2,400 sqft per unit and two‑car garages.
  • Site, utility, stormwater, and landscape plans are already in place.

Property Analytics

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Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store HVAC Service Electrical Service Garden Center

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

650
Businesses Nearby

Demographics for 37209, TN

40,498
Population
21,421
Households
1.9
Avg Household Size
32
Median Age
57%
College-Educated
92%
High-School Grad
33.6 sq mi
ZIP Area
1,205
Density / Sq Mi
$75,810
Median Household Income
$48,965
Median Earnings
$1,580
Median Rent
$495,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Fully entitled site for 18 attached residential units near Downtown.
Where is this residential land & home lot located?
The property is located at 813 Watts Ln Nashville, TN.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Shovel‑Ready Development Opportunity: Fully entitled with SP for 18 attached residential HPR units.; Approved for up to 3 stories (30' to eave) with approx 2,400 sqft per unit and two‑car garages.; Site, utility, stormwater, and landscape plans are already in place.
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