16 Hartmann Dr Lebanon, TN 37087
This exceptional 6-acre mixed-use property at 16 Hartmann Drive in Lebanon, Tennessee, presents a unique investment opportunity. Boasting a substantial 261,359 square feet, this site is ideally positioned in a high-traffic area, diagonally across from a newly constructed gas station at the intersection of Hartmann Drive and Highway 231N. The property's current zoning is Residential, following a recent change from Agricultural, reflecting the growth of higher-density residential areas adjacent to the land. This presents significant potential for a variety of developments, including but not limited to office complexes, grocery stores, auto dealerships, or multi-family housing. The seller is offering the land in its current condition, acknowledging the existing zoning. A key advantage is the seller's willingness to collaborate with the buyer on any necessary zoning adjustments to facilitate the buyer's chosen development plan. The sale price is $850,000. The buyer is responsible for all costs associated with due diligence, including any required land surveys, zoning and planning approvals, and all title-related or development expenses. This is a prime opportunity for an investor or developer seeking a high-visibility location with significant development potential in a rapidly growing area.
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.