TN
Wilson
Lebanon
37087
305 Coles Ferry Pike
305 Coles Ferry Pike, Lebanon, TN 37087
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Listing Type
Lots/Land
Listing Status
active
5
$950,000

Home Details for 305 Coles Ferry Pike

Price
$950,000
Type
Land
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
1.46
County
Wilson
Garage
Days on site
23
MLS Listing#
2974332
Property Description

***SELLER IS ACCEPTING BACKUP OFFERS*** PRIME LOT FOR DEVELOPERS *** Zoned R2 High Density Residential and approved for up to 18 units for ANY type of residential- Single family, townhome, multi-family, etc. LOCATED in the infill overlay area.***This is a FIVE LOT package deal, to include two vacant lots and three current properties, a quad and two triplexes, all 10 units have long-term renters paying $1,000 each. Tenants convey but will move out. Properties bringing in $10,000/month in rental income. ***Electricity, water, and sewer available and ready to go. **Two options here** OPTION 1: Keep the current properties generating 10k a month, and build up to 5 additional units. **See document attached which shows what each lot is approved for by the city*** OPTION 2: If you tear down the three homes and combine 4/5 lots, the city will approve 18 units. This is the highest amount with current zoning, but planning mentioned if it's rezoned this number could go up. **You do NOT have to go before the commission to combine these lots because they will consider it a "minor combination." Level tract and located minutes from Historic Downtown Lebanon. Lots are being offered at an incredible price compared to active listings and comps in this area, perfect opportunity for developers!! Already have a lender who can assist with financing as well if requested. Bring us an offer!!

Property Features
  • Cooling Information
    • None
  • Heating Information
    • None
  • Water Features
    • Public
  • Utilities
    • Water Available
School Information
School Information for 305 Coles Ferry Pike, Lebanon, TN 37087
Elementary School
Coles Ferry Elementary
Middle School
Walter J. Baird Middle School
High School
Lebanon High School
Listing Courtesy: VOLUME Realty - 615-903-5438
RealTracs logo Based on information submitted to the MLS GRID as of 2025-09-04 20:56:26 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-04 20:56:26
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EXIT ROCKY TOP REALTY LEBANON
1330 West Main Street, Lebanon, TN 37087
Office
615 443 3130
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