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    Stroud Dr Lebanon, TN 37087

    Sponsored
    For Sale
    $189,900

    Prime 2-acre lot, approved for 8-unit complex.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2-acre commercial lot, located at 0 Stroud Drive in Lebanon, Tennessee (zip code 37087), presents a remarkable investment opportunity. Zoned RD 9, the property boasts pre-approved plans for an eight-unit residential complex, comprising four two-unit buildings. All floor plans have been approved, streamlining the construction process and minimizing potential delays. The site is ideally situated for convenient access to local schools and shopping amenities, and is just minutes away from Lebanon's historic square. This makes it an attractive location for rental investment or for the development of multi-family units for sale. While this presents a fantastic opportunity, potential buyers should note that flood insurance is required for this property. The asking price for this ready-to-build commercial land is $189,900. This property is ready for immediate development, offering a significant return on investment for the discerning buyer. The property's location and pre-approved plans significantly reduce the time and cost associated with typical development projects. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving Tennessee community.

    Property Features for 0 Stroud Dr

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • 8‑unit multifamily development approved and ready for construction.
    • Ideal investment opportunity for rental income or individual unit sales.
    • Excellent location near schools, shopping, and Lebanon's Historic Square.
    • Contact agent for showing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lebanon
    County
    Wilson
    State
    Tennessee
    Longitude
    -86.2853807
    Latitude
    36.2278633

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    FAQs

    What type of property is this?
    Land - Prime 2-acre lot, approved for 8-unit complex.
    Where is this land located?
    The property is located at Stroud Dr Lebanon, TN.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: 8-unit multifamily development approved and ready for construction.; Ideal investment opportunity for rental income or individual unit sales.; Excellent location near schools, shopping, and Lebanon's Historic Square.
    Request Owner's contact information
    Stroud Dr Lebanon, TN 37087
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    Lebanon, TN 37087
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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
    Stroud Dr Lebanon, TN 37087
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