938 Allen Rd, Nashville, TN 37214
This exceptional 0.46-acre commercial land parcel presents a unique investment opportunity in Nashville, Tennessee. Located at 938 Allen Road, Davidson County, zip code 37214, this property is zoned CS - Commercial Service and offers significant potential for development. The site boasts convenient access to major thoroughfares, including the intersection of Allen Road and Donelson Pike, and is situated just north of Interstate 40, providing easy connectivity to the entire Nashville Metropolitan Statistical Area. The property is owned by Circle K Stores, Inc. and comes with specific use restrictions. Prospective buyers should be aware that the land cannot be used for the sale of food or food products, dairy products, coffee or coffee-based products, soft drinks (except through vending machines or in a sit-down restaurant/bar), convenience store operations, gasoline or motor fuels, electronic cigarettes, cigarettes, tobacco products, beer and wine for off-premises consumption, food trucks, lottery tickets, self-service or full-service car washes, national discount variety stores (including but not limited to Dollar General, Dollar Tree, 99 Cents Only, or Family Dollar), or any use ancillary to these restricted activities (including parking lots or stormwater retention ponds). The parcel's APN is 096-13-0-181-00. The asking price for this strategically located commercial land is $1,800,000. This property offers a compelling opportunity for investors seeking a well-positioned site in a thriving market, subject to the outlined use restrictions. Detailed zoning information and site plans are available upon request.
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 · Nashville, TNNashville. Always verify with local authorities before improvements.
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.