134 N Russell St - Commercial LAND FOR SALE


Portland, TN 37148 271,379 SF
$840,000 USD
615-973-5373
134 N Russell St, Portland, TN for Sale
$840,000 USD
Commercial LAND - FOR SALE
1/11
271,379 SF

134 N Russell St
Portland, TN 37148


HIGHLIGHTS

  • Fully approved shovel-ready 42-Lot townhome subdivision ready for residential development
  • Fully entitled and zoned for multifamily development, allowing up to 42 units across approximately 6.23 acres
  • The city has approved plans for construction, including water and sewer infrastructure
  • Near I-65, providing seamless access to the Nashville MSA and regional employers, including those in nearby Gallatin, White House, and Franklin, KY

OVERVIEW

Link to Deal Room: https://www.marcusmillichap.com/properties/187518/134-n-russell-street Marcus & Millichap has been selected to exclusively market for sale 134 N Russell Street, a 42-lot shovel-ready townhome community, located in Portland, TN. This offering will allow a potential investor to purchase a development site in the growing Nashville MSA. The 134 N Russell Street development presents investors with a rare opportunity to acquire a well-located, shovel-ready multifamily development site in the growing city of Portland, Tennessee. Situated just 40 minutes north of downtown Nashville, these strategically positioned parcels benefit from strong regional demand drivers, access to major employment corridors, and proximity to rapidly expanding residential communities. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.

FOR SALE DETAILS

PRICE

$840,000 USD

PRICE/ACRE

$134,831/AC

PRICE/SF

$3 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

134 N Russell Street Development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family

LAND ACRES

6.23 AC

LAND SF

271,379 SF

OFFSITE IMPROVEMENTS

-

ZONING

NMU

APN/PARCEL ID

033A D 00600,033A D 00701,033A D 01100,033A D 01102

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.