Description
Amazing opportunity not seen in decades to buy a rare Rm40: Multi Family (40 Units An Acre) zoned lot. Directly adjacent to Belmont University w/three (3) sides of egress from 18th Ave South, Magnolia Blvd, & Acklen Ave. The redevelopment possibilities for this land are exciting as the underlying land use policy code of DMI (District Major Institutional) allows for a myriad of uses. The existing multi-family building houses 10 units & could be remodeled for a long term cash flowing hold, but the opportunity here lies in redeveloping your vision for a new building in the shadow of Belmont, Hillsboro Village, and Music Row. This sale also comes with 1810 Magnolia Blvd (vacant Rm40 zoned land). Serious inquiries only please, proof of funds are required for a site visit & building access.
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10BEDS
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0.24ACRES
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10BATHS
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01/2 BATHS
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10,838SQFT
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$526$/SQFT
School Information
Description
Amazing opportunity not seen in decades to buy a rare Rm40: Multi Family (40 Units An Acre) zoned lot. Directly adjacent to Belmont University w/three (3) sides of egress from 18th Ave South, Magnolia Blvd, & Acklen Ave. The redevelopment possibilities for this land are exciting as the underlying land use policy code of DMI (District Major Institutional) allows for a myriad of uses. The existing multi-family building houses 10 units & could be remodeled for a long term cash flowing hold, but the opportunity here lies in redeveloping your vision for a new building in the shadow of Belmont, Hillsboro Village, and Music Row. This sale also comes with 1810 Magnolia Blvd (vacant Rm40 zoned land). Serious inquiries only please, proof of funds are required for a site visit & building access.
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