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Property profile

4602 Indiana Ave Nashville, TN 37209

OFF-MARKET
Specialty properties
Property ID
US80-3463499
750 SF 0.4 ac lot Built 1950
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Specialty properties
Year built 1950
Total area 750 SF
Lot 0.4 ac (17,424 SF)
UPID US80-3463499

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Church

Location

4602 Indiana Ave Nashville, TN 37209
Nashville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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