This opportunity consists of two parcels totaling 15.17ac located in the heart of the fastest-growing pocket in all of Davidson County, Antioch, TN. There are +/-970 feet of combined frontage on Murfreesboro Pike, providing great visibility and convenient access to the metro area. These sites fall under the Murfreesboro Pike Urban Design Overlay (UDO), the intent of which is to foster pedestrian-friendly suburban development with a strong emphasis on design and aesthetic appeal while fostering safer opportunities for pedestrians and mass transit alike. The Murfreesboro Pike corridor stretches fourteen and a half miles from the roundabout at the Music City Center in downtown Nashville down to the Davidson/Rutherford county line. Antioch’s economic rise over the last number of years is continuing to prove itself with significant employment growth and demand drivers, adding 8,500 jobs in the last eight years and increasing in population over 64% since 2000, spurring both commercial and residential development. Home values have increased significantly in just five years, up over $100K on average since 2016. Within a short drive from the subject property is a major 300-acre site called Century Farms, a $1.7B mixed-use development offering a wide variety of retail, office, density residential, and entertainment uses. The two parcels are separated by the Life Care Nursing Home and the Bridges Assisted Living facility and the parcels can be sold together or separately. These are premier development sites in the path of progress with significant access to major employment nodes in every direction. Tract A, which is 7.06 acres is construction-ready and approved for 220+ Senior Housing units or 300+ multifamily units. With roughly 90% of the off-site work completed, significant work has been done on-site to date, with nearly $4m invested in design, engineering, and construction.. Reagent Homes, who is building a community to the northwest, is currently completing the remainder of the off-site and on-site improvements, with full sewer capacity to the site expected within 90 days and water is already delivered to the site. This extensive infrastructure will allow the Buyer to begin vertical construction within a relatively short period of time post-closing. Tract B is a slightly larger parcel at 8.11ac. This site has been rough graded but has not been entitled yet. A couple acres of Tract B lies in the flood plain given the creek to the southeast of the site, so usable acreage is estimated to be closer to 5 acres and appears to be an ideal site for a Build-or-Rent residential townhome project. The Hickory Woods SP Zoning allows for a multitude of uses, including, but not limited to mixed-use, townhomes, stacked-flats, and live/work with open space near the creek to the southeast.
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