Burgundy Dr Smyrna, TN 37167
- Land
- 22.95 lot acres
Current Use by Public Records
- Land
Property Details for 0 Burgundy Dr
- Lot size
- 22.95 lot acres
- Property type
- Land
Description
This exceptional 22.95-acre parcel presents a remarkable development opportunity in Smyrna, Tennessee, a thriving community within the Nashville MSA. Located on Burgundy Drive, this fee-simple property is zoned for residential use, offering significant potential for a substantial residential development. The site's strategic location provides easy access to major transportation routes, placing it within a 30-minute commute of Nashville and within a day's drive of 76% of major US cities. Smyrna's robust economy, fueled by major employers like Nissan and Asurion, ensures a strong and growing market for new residential construction. The surrounding area boasts a population of approximately 37,361 within a five-mile radius, projected to increase to 39,998 in the next five years, indicating significant future demand. The property's adjacency to an existing neighborhood further enhances its appeal and development potential, with estimates suggesting the capacity to build over 75 homes. This is a rare opportunity to capitalize on the explosive growth of the Nashville area and create a thriving residential community. The asking price for this exceptional land is $1,500,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Smyrna
- County
- Rutherford
- State
- Tennessee
- Longitude
- -86.5437
- Latitude
- 35.9651
