215 N College St - 215 N College St

This real estate listing presents an intriguing development opportunity in Lebanon, TN. The property spans 2.57 acres within walking distance to Lebanon's Historic Downtown Square and comes with an approved plan for 87 apartment units. This investment promises substantial returns, leveraging the area's growth and the property’s strategic location near retail, dining, and office spaces. Key Highlights: 1. **Strategic Location**: The lot features 255 feet of frontage on N College Street and 337 feet on Sycamore Street, situating it near a thriving downtown with multiple amenities. 2. **Flexible Unit Mix**: Plans for a diverse array of apartment units (one, two, and three bedrooms) cater to different market needs, enhancing leasing opportunities. 3. **Sustainable Design**: The project is designed with a focus on sustainability, featuring energy-efficient elements, sustainable materials, and green spaces, enhancing both community appeal and environmental impact. 4. **Investment Potential**: With an investment cost of $38,000 per unit, totaling $3,306,000, the project is poised for significant financial returns, driven by its modern design and prime location. For investors and builders interested in participating in this venture, further information can be sought by reaching out to our team today. This opportunity blends a prime location with sophisticated design and amenities, aiming to set a new standard for residential living in Lebanon, TN.