5605 Franklin Pike Cir Brentwood, TN 37027
This exceptional 9.4-acre residential land parcel in Brentwood, Tennessee, presents a unique investment opportunity. Located at 5605 Franklin Pike, 37027, this leveled lot boasts high visibility due to its location at the intersection of two major roadways, experiencing a traffic count of 56,881 vehicles daily. The property includes three existing houses, built between the late 1940s and the 1990s, offering potential for renovation, repurposing, or redevelopment. Its prime location offers unparalleled exposure, situated near I-65, a Shell gas station, and numerous shopping, retail, and dining options. Additional addresses included in this offering are 5601 Franklin Pike and 5609 Franklin Pike, as well as 800 Old Hickory Blvd. The property is zoned for residential use and offers multiple access points from Franklin Pike and Old Hickory Boulevard. This rare Brentwood offering, situated within the City of Oak Hill and Davidson County, presents a compelling opportunity for developers seeking to capitalize on the high demand for residential properties in this thriving area. The asking price is $5,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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