4602 Indiana Ave Nashville, TN 37209
This exceptional .4-acre property in Nashville's desirable Nations neighborhood presents a unique development opportunity. Located at the corner of 46th Avenue North and Indiana Avenue, the site boasts an R-6 zoning designation, allowing for multiple one- and two-family residential developments. The property comprises three parcels totaling approximately 1,636 square feet, including a 1,636 square foot chapel with a kitchen and nursing room, and two additional single-family structures (approximately 1,516 and 750 square feet respectively). One single-family home is currently leased month-to-month. Built in 1950 and renovated in 2022, the existing structures offer a turnkey facility for a religious institution or immediate redevelopment potential. The property's central location offers impressive access to I-40 (0.4 miles to the entrance), placing it within easy reach of Nashville's amenities. The surrounding area exhibits a high average household income ($109,894 within a 1-mile radius) and average home prices of $636,397, indicating strong market demand. This is an exceptional investment opportunity for developers seeking a prime location in a thriving Nashville neighborhood. The asking price is $1,250,000.
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St. John Chrysostom Greek Orthodox Church Charitable Organization Church
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.