601 Medical Park Dr, Madison TN, 37115

Active

601 Medical Park Dr

Madison TN, 37115

$4,000,000

$15.43 per sqft

Active

5.95 Acres

Land

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

2652335

MLSⓇ ID

May 7, 2024

Listed

May 10, 2024

Updated

Map

601 Medical Park Dr
Madison TN, 37115

Exterior/Building Features

Lot Size: 5.95 Acres
Lot Features: Corner Lot
Sewer: Public Sewer

School Information

High School: Hunters Lane Comp High School
Elementary School: Neely's Bend Elementary

Other Property Details

Taxes: $3,000
Tax Frequency: Annually
Days on Market: 2
Garage: No
View: Yes
View Description: City
County: Davidson County, TN
Water Source: Public
Pool: No
Zoning: MUL-A
Buyer Agency Compensation: 2%

Listed by Dean Nelson, eXp Realty

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