$625,000

1112 W Grove Ave, Nashville, TN 37203

  • 2 beds |
  • 1 bath |
  • 1,000 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $625/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Prime Building Lot in 12 South – Ideal for New Construction. Located in the highly desirable northwest corner of 12 South, just off 12th Ave S, this prime lot offers unmatched convenience to Belmont, Edgehill, The Gulch, and is just four blocks from the new Ashwood Commons shopping center and the heart of 12 South’s commercial district. This property is best suited for new construction rather than renovation, as it is non-contributing and sits outside of a historic overlay. A favorable front setback allows for a home to be positioned closer to the street, maximizing backyard space. The freshly paved alley behind the property is among the widest and most accessible in the neighborhood opportune for construction staging and delivery. The sale includes a survey and building plans, with additional development groundwork already in progress by the current owner—details to be made available to the buyer. While the existing structure is in decent condition for its age, it offers minimal architectural charm and limited value for renovation. Seize this opportunity to build in one of Nashville’s most sought-after neighborhoods! Plans are for a 5BR / 5.2BA, 4030 sqft, three story single fam home with attached 2 car garage and elevator shaft. Multiple pricing and development strategies show this property can easily exit in the mid $2M's with a 20-25% Projected ROI based on a 80% LTV Maximum. Projections are available upon request.

Listing Status:
Active
Listing Office:
Compass : 6153836964
Listing Agent:
David Binkley : 6153479068
MLS ID:
2791250
  • Appliances: None
  • Basement: Other
  • Flooring: Other
  • A/C: Other
  • Heating: Other

This listing courtesy of David Binkley, Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

W

Waverly-Belmont Elementary School

2301 10th Ave S, Nashville, TN, 37204

Grades PK-4

0.59 miles away

R

Rose Park Middle School

1025 9th Ave S, Nashville, TN, 37203

Grades 5-8

0.67 miles away

H

Harris-Hillman Special Education

1706 26th Ave S, Nashville, TN, 37212

Grades PK-12

1.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listings Nearby