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Property profile & analytics
OFF-MARKET
Land

0 Stroud Dr Lebanon, TN 37087

2 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 2 ac (87,120 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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