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    Pennington Bend Rd Nashville, TN 37214

    For Sale
    $167,500

    0.26 Acres, Ready for Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.26-acre commercial land parcel in Nashville, Tennessee, presents a unique investment opportunity. Located on Pennington Bend Rd, in Davidson County, zip code 37214, this property boasts 100 feet of road frontage and is conveniently situated minutes from Opry Mills and downtown Nashville. The land has already been cleared and cut, simplifying the development process. A significant advantage is that the property is ready and approved for a boat dock, adding considerable value and potential for diverse uses. This offering includes two lots sold together, providing a substantial area for development. The asking price is $167,500. The property's prime location, combined with its prepared state and approved dock permit, makes it an ideal site for various commercial ventures. With its proximity to major attractions and convenient access, this land presents a compelling opportunity for investors seeking a high-potential development project in a thriving Nashville market. The latitude and longitude coordinates are 36.2295801, -86.6939806 respectively.

    Property Features for 0 Pennington Bend Rd

    General Information

    Property type
    Land
    Lot Size
    11,326 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6939806
    Latitude
    36.2295801

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    FAQs

    What type of property is this?
    Land - 0.26 Acres, Ready for Development
    Where is this land located?
    The property is located at Pennington Bend Rd Nashville, TN.
    What is the asking price?
    The asking price for this property is $167,500.
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    Pennington Bend Rd Nashville, TN 37214
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    Nashville, TN 37214
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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
    Pennington Bend Rd Nashville, TN 37214
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