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    4850 Old Hickory Blvd Nashville, TN 37076

    Sponsored
    For Sale
    $847,678

    High-visibility lots, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land offering encompasses two adjacent parcels totaling 1.39 acres situated at the high-traffic intersection of Old Hickory Boulevard and Lebanon Pike in Hermitage, Nashville, Tennessee. The property consists of two level lots, 0.78 acres and 0.61 acres respectively, located at 4850 and 4914 Old Hickory Boulevard, zip code 37076, within Davidson County. This prime location boasts exceptional visibility and accessibility, benefiting from over 50,000 vehicles passing daily. The land is priced at $847,678, translating to a land value of $10 per square foot. This presents a unique opportunity for developers seeking high-impact commercial development in a thriving Nashville submarket. The property's strategic location and high traffic counts make it an attractive investment for a variety of commercial uses. The combined acreage offers significant potential for development, promising strong returns for the discerning investor. Don't miss this chance to acquire this valuable commercial land in a rapidly growing area of Nashville.

    Property Features for 4850 Old Hickory Blvd

    General Information

    Property type
    Land
    Lot Size
    60,548 SF

    HighLights

    • High‑traffic location at Old Hickory Blvd & Lebanon Pike intersection in Hermitage, TN, with over 50,000 vehicles daily.
    • Exceptional visibility and accessibility.
    • 1.39‑acre lot (two parcels: 0.78 acres and 0.61 acres) priced at $847,678, or $10 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Laundry Service Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.62075007
    Latitude
    36.19956003

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    FAQs

    What type of property is this?
    Land - High-visibility lots, ideal for development.
    Where is this land located?
    The property is located at 4850 Old Hickory Blvd Nashville, TN.
    What is the asking price?
    The asking price for this property is $847,678.
    What are key features of this property?
    This property features: High-traffic location at Old Hickory Blvd & Lebanon Pike intersection in Hermitage, TN, with over 50,000 vehicles daily.; Exceptional visibility and accessibility.; 1.39-acre lot (two parcels: 0.78 acres and 0.61 acres) priced at $847,678, or $10 per square foot.
    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
    4850 Old Hickory Blvd Nashville, TN 37076
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