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.
CL, Commercial Limited District. The CL district is designed to provide for a limited range of commercial uses primarily concerned with retail trade and consumer services, general and fast food restaurants, financial institutions, administrative and consulting offices. This district may be used in areas policied for concentrations of mixed commercial develop…
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
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Property description
Physical attributes from public recordsZoning & alternative use
CL · Nashville, TNCL, Commercial Limited District. The CL district is designed to provide for a limited range of commercial uses primarily concerned with retail trade and consumer services, general and fast food restaurants, financial institutions, administrative and consulting offices. This district may be used in areas policied for concentrations of mixed commercial development, super community or regional scale retail concentrations, or in the vicinity of major intersections within existing arterial commercial areas. The uses in this district serve a moderately wide market area, and therefore ease of automobile access is requisite. 3. CS, Commercial Service District. The CS district is intended to provide opportunities for a diverse range of commercial uses that include retail trade and consumer services, automobile sales and repair, small scale custom assembly, restaurants, entertainment and amusement establishments, financial, consulting and administrative services. This district may be used in areas policied for concentrations of mixed commercial community development, at selected locations within super community retail concentrations and regional activity centers, or in the vicinity of major intersections within existing arterial commercial areas. Business establishments in the CS district often serve a wide market area, and ease of automobile access is requisite. However, it is not intended that this district permit uses which generate truck traffic other than the stocking of products. Because of the diverse nature of uses found in this district, bulk and buffering standards are designed to protect neighboring areas. 4. CA, Commercial Attraction District. The CA district provides a diverse range of amusement and recreational uses in association with overnight accommodations and a variety of retail and support services typically affiliated with the tourist industry. Bulk and parking standards are designed to reflect the high traffic generation rates commonly associated with uses found in this district. The CA district may be appropriate for selected areas policied for a regional activity center, or for concentrations of mixed commercial development. This district also may have limited application within super community scale retail concentrations, and in the vicinity of major intersections within existing arterial commercial areas. 5. CF, Core Frame District. The CF district is intended to implement the general plan's central business district land use policies for support services.
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.
