TITLE:
Nashville MF Entitled Land - Midtown .66 AC
CONTROL:
Partner
VALUE:
$7,300,000
LOAN:
$2,800,000
EQUITY:
$4,500,000
TYPE:
Land
HAVE:
.66 AC entitled and by right for MF in Midtown Nashville which is walkable to the downtown and to Vanderbilt University, adjacent to St Thomas Hospital. it has a FAR 5.0 and up to 15 stories by right.
ADDRESS:
1804-1808 Patterson St, Nashville, Tennessee
BENEFITS TO NEW OWNER:
Excellent piece of property near Vanderbilt and St Thomas hospital. We roughed out 210 units. By Right development opportunity with housing need
OTHER FILES:
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$0
NOI:
$0
DEBT SERVICE:
$0
CASH FLOW:
$0
CAP RATE:
0.00%
BENEFITS SOUGHT:
Looking to sell or partner and build the development when timing is right. Would like to remove current debt on property or extend with a partner
REMARKS:
This is a prime development site and by right for MF development up to 15 stories. We planned for a 5 over 2 stick built. There is a large need for smaller housing units especially near the hospital for workforce housing or graduate housing for Vanderbilt
COUNSELOR:
William Caton
Caton Commercial Real Estate Group
1296 Rickert Drive Suite 200
Naperville, Illinois, 60540
Phone: 815-370-1236
Email bill@catoncommercial.com
