$549,900
Rare opportunity to secure a large .41-acre lot in one of East Nashville’s most sought-after redevelopment corridors. Zoned RS7.5 (Single Family 7,500 SF) and located within the Detached Accessory Dwelling Unit (DADU) Overlay, this property offers exceptional flexibility and long-term upside for builders, investors, or developers.
The property also benefits from the Urban Zoning Overlay (UZO), a highly desirable overlay that provides valuable development advantages, including no required parking minimums and the ability to build additional height on detached accessory structures and garages compared to non-UZO properties.
Ideally, a buyer would pursue subdividing the property into two buildable lots. Current subdivision standards requires 52 feet of street frontage per lot, while this parcel presently offers 100 feet of total street frontage. However, discussions with zoning indicate several nearby properties have recently received exceptions despite having similar or even smaller frontage widths, making it likely a comparable exception could potentially be approved. Buyer to independently verify all subdivision and development possibilities.
The existing home is likely best suited as a teardown and is being marketed primarily for land value and redevelopment potential. The original detached garage was previously converted into an apartment; however, electricity has been disconnected for many years. Additionally, the roof over the detached storage building/garage and the connecting storage area between the home and apartment has collapsed. The property does feature a basement along with some finished attic space.
With strong redevelopment activity throughout East Nashville and close proximity to downtown, restaurants, retail, entertainment, and major commuter routes, this property presents a compelling opportunity for investors and builders seeking value-add or redevelopment potential in a rapidly growing area.
Home is being sold as-is.
4
Beds
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2
Baths
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3230559
MLS
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ACTIVE UNDER CONTRACT
Status
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0.41
Acres
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37216
Zip Code
1414 Mcalpine Ave, Nashville
