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Description de la propriété
JLL is pleased to present 4168 Murfreesboro Pike, a premier development opportunity located in Antioch, one of Nashville’s fastest growing suburbs. A testament to Antioch’s rise to economic prominence is the 37,000+ people added since 2000 and the emergence of blue-chip employers such as CHS, Asurion, Bridgestone, SmileDirect Club, LKQ, and Cavalry Logistics. Demand spiked with over 8,500 jobs announced between 2012 and 2020, spurring massive commercial development activity such as the 300-acre Century Farms and the revitalized Global Mall. Antioch is showing zero signs of slowing down with commercial inventory projected to increase by 2.35x over the next few years.
It should be noted that the sites are separated by a Senior Living facility and can be sold together or separately, with a premium on the 7-acre site for reasons below. The 7-acre tract is construction ready with an entitled permit allowing for in excess of 220 units and over 100,000 square feet of common area as initially planned for Senior Housing or 300 units +/- if developed as multifamily (active until January 21, 2021). The current owner has spent upwards of $3.5 million on design, engineering and construction, allowing the next owner to step into the existing approvals.
These improvements include extensive site grading, onsite sewer, and new drainage pipes in place for the future developer. As a result of the existing infrastructure and improvements, the next owner could go vertical in a matter of weeks after closing.
The 8-acre tract has been rough graded, but is not entitled at this time.
Informations clés concernant l'investissement
- SP-MU zoned, fully entitled for 220+ senior living units or 300 +/- multifamily units, providing immediate, construction-ready investment opportunity
- Fast access to major employment nodes
- Significant site work already completed on the 7-acre tract
- Antioch: Nashville's fastest growing corridor
- Home values up $90K in 5 years
- Top zip code for home value increase in the MSA