Sage Run Development Site
Shovel Ready | 128 Units (44 SFR + 84 MF Units) | Rezone with Larger Assemblage Opportunity in West
Marketing description
Sage Run Development Site is being offered as Phase II of the successfully completed Sage Run community, where Phase I townhomes have been fully built and sold. The offering provides immediate continuity of an established residential enclave, with the buyer assuming control of the existing HOA governing Phase I. Alternatively, a developer can modify the site plan to construct a new unit mix to include all townhomes (BTR) or even a traditional multifamily development.
The Property is uniquely positioned as a shovel-ready development opportunity (in its current layout) in a submarket where entitled land is scarce and demand remains exceptionally strong. With an approved SP, completed architectural plans, and site work pricing already in place, a developer can materially accelerate the timeline to vertical construction and mitigate entitlement and predevelopment risk.
Located along River Road just off Charlotte Pike, the site benefits from seamless connectivity to West Nashville’s primary retail and employment corridors, while also offering direct access to the Brookmeade Park, Greenway and Cumberland River—an increasingly valuable amenity that differentiates the project from competing developments.
The combination of entitlement certainty, location quality, product flexibility, and expansion potential positions Sage Run as one of the most compelling residential development opportunities currently available in the West Nashville / Hillwood / Bellevue corridor.
Link to Virtual Deal Room
http://www.sagerundealroom.com/
Investment highlights
Fully Entitled, Permit-Ready 128-Unit Development Site
Sage Run represents a rare opportunity to acquire a fully entitled and permit-ready residential development site in one of Nashville’s most supply-constrained submarkets. The approved SP (Specific Plan) allows for 128 units, inclusive of 84 flats and 44 single-family homes.
Strategic Location with Direct Connectivity to West Nashville & Outdoor Amenities
The site is positioned just off Charlotte Pike via River Road, providing immediate access to West Nashville’s primary retail corridor, anchored by Costco Wholesale, Target, Publix Super Market, Lowe's Home Improvement, and Walmart Supercenter.
Highly Constrained, High-Income Submarket with Strong Demand Fundamentals
The Property is located within one of the most affluent residential corridors in Nashville, with median household incomes exceeding $100K within a 3-mile radius, significantly outperforming metro averages.
Institutional Scale Creation Opportunity – Assemblage & Density Upside
Sage Run offers a highly differentiated opportunity to create institutional-scale critical mass through the acquisition of adjacent contiguous parcels, including an additional ±8.2-acre tract and a ±5.0-acre parcel extending toward the Cumberland River (inclusive of a cell tower).
Flexible Business Plan – Multiple Execution Paths
While the current SP supports a 128-unit mixed product (flats + single-family), the site offers significant optionality.
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