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2651 & 2655 Smith Springs Rd
Nashville, TN 37217
Asking Price
$500K
Asset Type
Land
Class
Class B
What's Special
Land <ul><li>Prime location at the intersection of Smith Springs Rd & Bell Rd</li><li>Corner lot – Bell Rd</li><li>7-Eleven and Exxon are located directly across the street</li><li>±0.39 Acres total (2 parcels)</li><li>±0.16 at 2651 Smith Springs Rd</li><li>±0.23 at 2655 Smith Springs Rd</li><li>Reduced Price: $500,000</li><li>(1) Existing building on each parcel</li><li>Currently zoned R10 / OV-CDO with the Community Character Policy Suburban Neighborhood Center</li><li>186’ of frontage on
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NOI
$80,000
Cap Rate
16.00%
DSCR
2.69
Strong
Cash-on-Cash
33.54%
Monthly Payment
$2,473.727
Annual Cash Flow
$50,315.274
