Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight