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Listed by Austin Heithcock • Capstone Apartment Partners
$ 6,900,000
Est. payment /mo
Active
5754 River Rd Nashville, TN 37209
9.28 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Sage Run Townhomes
MLS Listing ID 3234044
HOA Y/N No
Annual Tax Amount $2,921
Lot Size 9.280 Acres
Acres 9.28
Property Description
Fully Entitled, Permit-Ready 128-Unit Development Site
Flexible Business Plan – Multiple Execution Paths
Strategic Location with Direct Connectivity to West Nashville & Outdoor Amenities
Highly Constrained, High-Income Submarket with Strong Demand Fundamentals
Institutional Scale Creation Opportunity – Assemblage & Density Upside
40 detached single-family homes and 84 apartments or condos
Homes can be for sale or for rent.
Development Site is being offered as Phase II of the
successfully completed Sage Run community, where Phase
I townhomes have been fully built and sold. The offering
provides immediate continuity of an established residential
enclave, with the buyer assuming control of the existing HOA
governing Phase I. Alternatively, a developer can modify the
site plan to construct a new unit mix to include all townhomes
(BTR) or even a traditional multifamily development.
The Property is uniquely positioned as a shovel-ready
development opportunity (in its current layout) in a submarket
where entitled land is scarce and demand remains
exceptionally strong. With an approved SP, completed
architectural plans, and site work pricing already in place, a
developer can materially accelerate the timeline to vertical
construction and mitigate entitlement and predevelopment risk.
Located along River Road just off Charlotte Pike, the site
benefits from seamless connectivity to West Nashville's primary
retail and employment corridors, while also offering direct
access to the Brookmeade Park, Greenway and Cumberland
River—an increasingly valuable amenity that differentiates the
project from competing developments.
The combination of entitlement certainty, location quality,
product flexibility, and expansion potential positions Sage
Run as one of the most compelling residential development
opportunities currently available in the West Nashville /
Hillwood / Bellevue corridor.
Flexible Business Plan – Multiple Execution Paths
Strategic Location with Direct Connectivity to West Nashville & Outdoor Amenities
Highly Constrained, High-Income Submarket with Strong Demand Fundamentals
Institutional Scale Creation Opportunity – Assemblage & Density Upside
40 detached single-family homes and 84 apartments or condos
Homes can be for sale or for rent.
Development Site is being offered as Phase II of the
successfully completed Sage Run community, where Phase
I townhomes have been fully built and sold. The offering
provides immediate continuity of an established residential
enclave, with the buyer assuming control of the existing HOA
governing Phase I. Alternatively, a developer can modify the
site plan to construct a new unit mix to include all townhomes
(BTR) or even a traditional multifamily development.
The Property is uniquely positioned as a shovel-ready
development opportunity (in its current layout) in a submarket
where entitled land is scarce and demand remains
exceptionally strong. With an approved SP, completed
architectural plans, and site work pricing already in place, a
developer can materially accelerate the timeline to vertical
construction and mitigate entitlement and predevelopment risk.
Located along River Road just off Charlotte Pike, the site
benefits from seamless connectivity to West Nashville's primary
retail and employment corridors, while also offering direct
access to the Brookmeade Park, Greenway and Cumberland
River—an increasingly valuable amenity that differentiates the
project from competing developments.
The combination of entitlement certainty, location quality,
product flexibility, and expansion potential positions Sage
Run as one of the most compelling residential development
opportunities currently available in the West Nashville /
Hillwood / Bellevue corridor.
Location
State TN
County Davidson County
Zoning SP
Interior
Fireplace N
Exterior
View Y/N false
Private Pool false
Building
Lot Description Level
Schools
Elementary Schools Gower Elementary
Middle Schools H. G. Hill Middle
High Schools James Lawson High School
Others
Senior Community false
Special Listing Condition Standard
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