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    1381 Louisville Hwy Goodlettsville, TN 37072

    For Sale
    $995,000

    Shovel-ready, 60+ unit potential. Prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2.85-acre parcel in Goodlettsville, Tennessee, presents a unique opportunity for multifamily development. Currently approved for a 60-unit apartment complex, this fully entitled, shovel-ready site offers significant upside potential. The property is conveniently located at 1381 Louisville Hwy, Goodlettsville, TN 37072, within Sumner County. Its strategic positioning offers easy access to major transportation arteries, with Interstate 65 at US 31W just 3.5 miles away. The land is priced below a recent appraisal, representing a compelling investment opportunity. The existing approvals allow for immediate commencement of construction on a 60-unit complex. Furthermore, the project's design allows for potential expansion, with the possibility of increasing the unit count to approximately 90 units, subject to necessary approvals and permits. This makes this property ideal for developers seeking a quick start on a high-demand project in a thriving area. Don't miss this chance to acquire a fully entitled, shovel-ready multifamily development site at a below-appraisal price.

    Property Features for 1381 Louisville Hwy

    General Information

    Property type
    Land
    Lot Size
    124,146 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Kitchen & Bath HVAC Service Electrical Service Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Goodlettsville
    County
    Sumner
    State
    Tennessee
    Longitude
    -86.691961114262
    Latitude
    36.391415123308

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    FAQs

    What type of property is this?
    Land - Shovel-ready, 60+ unit potential. Prime location.
    Where is this land located?
    The property is located at 1381 Louisville Hwy Goodlettsville, TN.
    What is the asking price?
    The asking price for this property is $995,000.
    (615) 622-9073
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1381 Louisville Hwy Goodlettsville, TN 37072
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