551 Spence Ln Nashville, TN 37210
- Retail properties
- 4.03 lot acres
Current Use by Public Records
- Retail properties
Property Details for 551 Spence Ln
- Lot size
- 4.03 lot acres
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional 4.03-acre commercial property is situated at the highly visible I-40 Exit Ramp #213 in Nashville, Tennessee, boasting 161,482 daily car counts. Located on Spence Lane near downtown, this unique corner lot offers unparalleled interstate frontage between the Nashville Airport and just five miles from the central business district. Previously a CSX Railroad property, the site has undergone extensive preparation, including track removal and land filling by Rogers Group Aggregate and Vulcan. The property is zoned IR and is priced at $6,045,000 ($1,500,000 per acre), with the possibility of subdivision into parcels as small as one acre, depending on the intended use. Development plans for a truck stop/gas station and a hotel, prepared by Roy Dale Engineering, are available. The site features a central drainage area, creating two connected sides accessible via a rear drive area. Its prime location and high traffic volume make it ideal for a variety of uses, including gas stations, truck stops, hotels, auto dealerships, auto service centers, event spaces, and retail centers. This is a rare opportunity to acquire a highly desirable commercial property in a rapidly growing area of Nashville. The property's address is 551 Spence Lane, Nashville, TN 37210, and its APN is 106-07-0-069.00.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.7217
- Latitude
- 36.1417
