601 Medical Park Dr, Madison, TN 37115 (MLS # 2652335)

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Price $4,000,000
Status Active
Beds 0
Baths 0 Bath
Home size n/a
Lot Size 5.95 ac
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
Property Type(s): Lot/Land/Acreage
Last Updated 5/7/2024 Tract Larkin Springs Short Term Rentals
Year Built 0 County Davidson

SCHOOLS

Elementary School Neely's Bend Elementary
Jr. High School Madison Middle
High School Hunters Lane Comp High School

Additional Details

AIR None
BUYER'S BROKERAGE COMPENSATION 2
HEAT None
LOT 5.95 acre(s)
LOT DESCRIPTION Corner Lot
SEWER Public Sewer
SUBDIVISION Larkin Springs Short Term Rentals
TAXES 3000
UTILITIES Water Available
VIEW Yes
VIEW DESCRIPTION City
WATER Public
ZONING MUL-A

Location

 

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Chris Thompson, Broker - Towne Creek Realty

Chris Thompson

Principal Broker
Phone (615) 627-8456
christhompson@townecreekrealty.com
5-star reviews for Towne Creek Realty in Franklin, TN

“We appreciated Towne Creek's care for what we wanted most in our home purchase and sale...

Chris always put our priorities first, gave us all the information that we needed to make our decisions and acted quickly and effectively on our behalf. We never felt rushed in our search for a home. Chris was always willing to set up showings and show up with information and research on every house we walked through. There were a lot of question marks going into our home search, and after seeing several houses with Chris, he helped us talk through our needs in a home so that when we found our home, we felt confident and comfortable throughout the offer and closing process. Chris was a tremendous asset as we prepared our previous home for sale. He looked through every room with us to determine how to properly get the house ready for sale. He brought in a professional photographer and listed our house with great care so that we maximized showings and offers.”
Tim & Kylie Halperin
5-star reviews for Towne Creek Realty in Franklin, TN

“Chris Thompson did an excellent job of working with the construction company...

He kept us informed along the process when building our new home. I wouldn’t hesitate to recommend Chris and Towne Creek Realty to my friends when considering a move.”
Dr. Heidi Ventura
5-star reviews for Towne Creek Realty in Franklin, TN

“I have never built a new home before and Chris Thompson was very helpful to make sure I didn’t miss important steps throughout the entire process...

He participated in the walk through and helped me develop the final punch lists. When I neared the end of the closing process, Chris was very good at responding to my questions and communicating with me and the builder.”
Peggy Cooning

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