0 Stroud Dr Lebanon, TN 37087
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.