5754 River Rd

Description

Fully Entitled, Permit-Ready 128-Unit Development Site Flexible Business Plan – Multiple Execution Paths Strategic Location with Direct Connectivity to West Nashville & Outdoor Amenities Highly Constrained, High-Income Submarket with Strong Demand Fundamentals Institutional Scale Creation Opportunity – Assemblage & Density Upside 40 detached single-family homes and 84 apartments or condos Homes can be for sale or for rent. 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.