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.