515 West Trinity Lane
Proximity Developed Lots | Developed Townhome Lots with Ready-to-Permit Architecture | Nashville Gro
Marketing description
Positioned in the heart of one of Nashville’s fastest-growing urban corridors, the offering presents a rare opportunity to acquire developed and platted townhome lots within an established infill development. The Property offers investors and developers a highly flexible execution strategy with the ability to capitalize on continued demand for attainable for-sale housing in North Nashville while tailoring product size and design to current market preferences.
The available lots include a mix of slab and tuck-under product types across multiple buildings, providing optionality for varying price points, parking configurations, and end-user profiles. Importantly, the Seller’s SP remains flexible, allowing a future developer to build the current approved architectural plans or revise the plans to better align with today's dynamic market. Current retail sales throughout the submarket continue to demonstrate strong buyer demand for smaller, more efficient townhome product, with recent comparable sales supporting pricing in excess of $300/SF and few homes available under $600,000.
In addition to compelling for-sale fundamentals, the surrounding rental market further reinforces the viability of the project. Nearby townhome communities such as Aria continue to achieve strong rental rates for both three- and four-bedroom product, highlighting durable demand from Nashville’s growing renter-by-necessity and lifestyle renter demographics.
The offering is further enhanced by significant existing infrastructure investment, including completed foundation work for Building M. A purchaser will reimburse approximately $240,000 for the existing foundations, equating to roughly $40,000 per lot, representing a meaningful reduction in future development timeline and execution risk.
With immediate proximity to Downtown Nashville, strong retail and residential growth along the Trinity Lane corridor, flexible development potential, and proven market demand for townhome product, the Property represents a compelling opportunity to deliver highly marketable housing in one of Nashville’s most rapidly evolving submarkets.
Investment highlights
Exceptional Infill Nashville Location Along W Trinity Lane
- Strategically positioned near along the W Trinity Lane corridor, one of North Nashville’s most active growth nodes
- Immediate access to Downtown Nashville, Germantown, East Nashville, and major commuter corridors
- Surrounded by significant ongoing residential, retail, and mixed-use investment
Diverse Lot Configuration with Multiple Product Types
The offering includes a mix of slab and tuck-under townhome lots across several buildings, allowing developers to diversify product offerings and price points:
- Building B (Lots 1 – 9): Slab Product
- Building C (Lots 10 – 14): Tuck-Under Product
- Building M (Lots 48 – 53): Tuck-Under Product
- Building N (Lots 54 – 60): Slab Product
Flexible Site Plan & Architectural Optionality
- Existing SP plan allows for substantial flexibility in future product design and unit sizing
- Opportunity to reposition unit mix toward smaller, more efficient floorplans aligned with current buyer demand
- Ability to increase marketability and achievable price per square foot through redesigned product offerings
- Existing architectural plans can be made available by Seller for an additional fee, allowing a buyer to accelerate development timelines if desired
Strong Retail Sales Fundamentals
- Recent townhome sales throughout the surrounding neighborhoods continue to support pricing north of $300/SF
- All available inventory is priced over $600K
- Market evidence suggests current demand favors efficient layouts achieving sale prices in the mid-$500,000s and above
- Opportunity exists to optimize future unit sizing and maximize pricing efficiency relative to competing product
Attractive Rental Market Dynamics
- Nearby communities, including Aria, demonstrate strong townhome rental demand
- Three-bedroom and four-bedroom townhome product continue to achieve premium rental rates within the submarket
- Aria - https://www.theariatownhomes.com/
- 3 bed / 3.5 bath = ~ $3150 / month
- 4 bed / 3.5 bath = ~ $3500 / month
Existing Infrastructure Investment Reduces Development Timeline
- Foundations for Building M have been completed
- Purchaser to reimburse $240,000 for completed foundation work
- Equates to $40,000 per lot across six lots
- Existing improvements reduce upfront construction timelines and lower early-stage development risk
Ability to Deliver Market-Aligned Product Through SP Amendment Process
- Original development concept featured larger-format homes; however, market comparables indicate stronger pricing efficiency on smaller unit footprints
- Flexible entitlement structure allows a future developer to recalibrate product sizing to maximize absorption and pricing power
- SP amendment process is generally straightforward for modifications that do not increase density, height, or overall development intensity.
- Proposed amendment contemplates reducing townhouse square footage while maintaining the approved unit count and overall development framework.
- The amendment would be processed through Metro Planning review, with final determination as to whether the change qualifies as an administrative/minor modification or requires formal SP amendment approval.
- If required, formal SP amendment approvals would include Planning Commission review and Metro Council approval process.
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