4007 Ml Rd Hermitage, TN 37076-2909
This exceptional 2.14-acre commercial land parcel presents a prime development opportunity in Nashville's thriving Hermitage area. Strategically located at the intersection of I-40 West, Old Hickory Boulevard, and Mills Road, this fee-simple property boasts unparalleled visibility and accessibility. Zoned "CL" for commercial use, it offers significant potential for a variety of developments, including hotels, self-storage facilities, retail centers, or single-tenant commercial buildings. All utilities are conveniently located at the Mills Road frontage. The property's proximity to Nashville International Airport (within 4 miles), downtown Nashville (9.1 miles), and the Hermitage Estate adds to its desirability. Nearby amenities include numerous restaurants, gas stations, grocery stores, and other retail establishments. The property has already received approvals for both hospitality and self-storage projects. This exceptional site is priced competitively at $1,300,000, offering a compelling investment opportunity in a rapidly growing market. The parcel's APN is #097-00-0-112.0. This is a rare chance to acquire a well-situated commercial land tract with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CL · Hermitage, TNCosts & 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.