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601 Medical Park Dr Madison, TN $ 4,000,000
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$ 4,000,000 Get more info
601 Medical Park Dr
$ 4,000,000
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Share Save

601 Medical Park Dr

Madison, TN, 37115
$ 4,000,000
Baths0.0

Monthly Estimate*

$ 26,585

601 Medical Park Dr, Madison, TN 37115 - Image 1
Studio

Lots and Land for sale in Madison, TN

for $4,000,000. The lot size is 5.95.

This Property combined 3 Parcels of Raw Land ONLY ( MUL-A ZONING ) which has NO restrictions on building 70 separate units of NON OWNER OCCUPIED SHORT TERM RENTALS or STR's or you could build Apartments with this current zoning. The plans are fully approved by Metro for 70 units of Townhomes. PLUS there are 3 parcels to build single family homes that cannot be Short Term Rentals . For a Total of 73 units. (70 Townhomes and 3 single family homes )on all 3 parcels. We have all engineered drawings from Dale and Associates. We also have bids from our dirt and infrastructure contractors and bids to construct the vertical buildings. From those bids we feel the cost will be105k per build ready pads (built in 4 separate phases) that includes the land and infrastructure. #1 Phase is 17 Units. This is an extremely different kind of land because land zoned MUL-A is normally apartment developments. I would possibly consider a partnership/JV

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Lots and Land Active

Price

$ 4,000,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 3,000

Style

Lot Size

5.95

Town/City

Madison

County/Region

Davidson

MLS | Web ID

2652335
Features
General
Sewer Public Sewer
Utilities Water Available
Possession Close Of Escrow
Zoning MUL-A
View City
Topography CORNR
County Davidson County TN
Property Type Land
Attached Garage N
Subdivision Name Larkin Springs Short Term Rentals
Status Active
Directions It's 4 miles from The Home Depot in East Nashville to the property Go Gallitan Pike 3.3 miles out of East Nashville Toward Madison Tn Turn Right on Neely's Bend go 1.6 miles Turn Left on Larkin Sprin
High School Hunters Lane Comp High School
City Madison
View Y/N Y
Waterfront Y/N N
Street Name Medical Park Dr
Elementary School Neely's Bend Elementary
Tax Annual Amount 3000
Middle/Junior High School Madison Middle
Days on Market 2
Standard Status Active
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Exterior
Lot Features Corner Lot
Water Source Public
Inclusions LAND
Lot Size Area 5.95
Lot Size Acres 5.95
Road Surface Type Asphalt
Lot Size Units Acres
Lot Size Source Survey
Road Frontage Type City Street
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Interior
Air Conditioning Y/N N
Heating Y/N N
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Internal Only
Street Number 1 601
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* Excluded Features
List By
Exp Realty

Broker

Jaynelsonteam.dean@gmail.com

Email

Affordability Calculator

$26,835
Per Month
99%
1%
0%
Monthly Principal & Interest
$26,585
Monthly Property Taxes
$250
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4313780 Elementary School
4313268 Middle School
Hunters Lane Comp High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/7/2024$4,000,000 Listed Price

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601 Medical Park Dr, Madison, TN, 37115 is a Lots and Land for sale at $4,000,000 with a lot size of 5.95. 601 Medical Park Dr is a studio with 0.0 baths. The property's zip code is 37115 which is in Madison, TN

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