$499,990
***Opportunity Zone*** 338 Whitsett Avenue presents a well-positioned development opportunity consisting of two lots totaling approximately 0.38 acres with RM20-A-N5 zoning. Offering an attractive cost basis for an eight-unit project with the flexibility to pursue a lower-density approach, the property is well suited for developers and investors looking to capitalize on one of Nashville's fastest-growing corridors.
Supporting the area's momentum, new construction homes built in 2023 or later have averaged approximately $292 per square foot over the past year while selling in an average of just 26 days, demonstrating strong demand for quality new construction in the immediate area.
The property also offers exceptional site accessibility with approximately 82 feet of Whitsett Avenue frontage, 162 feet of side alley frontage, and rear alley access, providing multiple points of ingress and egress that can simplify site planning, construction logistics, and future access.
The site's versatility is one of its greatest strengths. While the current development concept is designed for eight residences, the property can easily be adapted to accommodate four larger homes with more generous yard space or even a boutique two-home development, allowing buyers to tailor the project to their investment strategy and target buyer.
To help accelerate the development process, the seller has already completed substantial pre-development work. Development documents are available upon request and include a boundary survey, water infiltration test, proposed site plans, architectural concepts, and floor plans. The current concept features eight residences, each designed with four bedrooms, three and one-half bathrooms, and an attached two-car garage, providing a strong starting point while preserving design flexibility.
3309334
MLS
⋅
ACTIVE
Status
⋅
0.17
Acres
⋅
37210
Zip Code
338 Whitsett Rd, Nashville
