Property details
Description of 500 40th Ave N, Nashville, TN 37209
Approx 140x50 LOT !> Close to L&L Boutique shops mall where there is NEVER enough parking. Totally fenced lot currently rented to store heavy equipment in a locked environment. Commercial zoning says it could be parking lot, mult-family, artisan distillery, school or church. Fenced lot is approx 50x140. Buy now and plan later! INVESTORS TAKE A LOOK !! The DEMAND IN THIS AREA IS HUGE!
Listing updated:
Approx 140x50 LOT !> Close to L&L Boutique shops mall where there is NEVER enough parking. Totally fenced lot currently rented to store heavy equipment in a locked environment. Commercial zoning says it could be parking lot, mult-family, artisan distillery, school or church. Fenced lot is approx 50x140. Buy now and plan later! INVESTORS TAKE A LOOK !! The DEMAND IN THIS AREA IS HUGE!
| LAST UPDATED | 6/4/2026 | YEAR BUILT | 0 |
|---|---|---|---|
| COUNTY | Davidson | STATUS | Conditional |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| HEAT | None |
| LOT | 6534 sq ft |
| LOT DIMENSIONS | 0.15 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
Properties marked with the MTRMLS approved logo are provided courtesy of the RealTracs Internet Data Exchange Program
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Information Is Believed To Be Accurate But Not Guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
About this property
Status: this property is currently under contract, per RealTracs as of July 10, 2026.
500 40th Ave N, Nashville, TN 37209 is a property in Nashville, TN 37209, offered at $449,900.
Recently sold in Nashville 37209: 12 comparable homes from $275,000 to $515,000, a median of $361/sq ft.
Price & sale history
- Last sold for $18,000 in August 2005.
- County assessment: $588,100 total appraised value.
- Land accounts for about 100% of the county appraised value, a land-weighted parcel (renovation or rebuild potential; verify zoning and utilities before relying on it).
Last sale & county assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
How is it priced in Nashville?
Nashville 37209 homes: a buyer's market as of 07-09-2026. About 8.7 months of supply, 98.5% sale-to-list.
| Active listings | 614 |
|---|---|
| Median list price | $646,950 |
| Median $/sqft (list) | $331 |
| Homes closed (12-mo) | 423 |
| Median closed price | $595,000 |
| Average closed price | $705,599 |
| Sale-to-list | 98.5% |
| Months of supply | 8.7 |
As of (614 active listings). Source: RealTracs via IDX. Analysis by Grant Hammond.
Financing this property
Five-plus-unit and commercial properties are financed with a commercial loan, not a conforming 30-year mortgage: DSCR-underwritten, typically 20-30% down on a 20-25-year amortization (often a 5/7/10-year term), and qualified on net operating income (NOI), not personal income. Ask Grant Hammond about financing and to request the rent roll and operating statement.
Frequently asked questions
Is 500 40th Ave N still for sale?
500 40th Ave N is currently under contract as of 06-04-2026, per RealTracs. Contact Grant Hammond, Compass RE, to ask whether backup offers are being accepted.
How is 500 40th Ave N financed?
Five-plus-unit and commercial properties use a commercial loan -- commonly DSCR-underwritten on the property's net operating income, typically with 20-30% down on a 20-25-year amortization -- not a conforming 30-year mortgage. Contact Grant Hammond, Compass RE, about financing.
What is the cap rate or rent roll for 500 40th Ave N?
Cap rate, net operating income, and gross rent multiplier depend on the current rents and operating expenses, which are not included in the public listing data. Contact Grant Hammond, Compass RE, for the rent roll and operating statement.
How much does 500 40th Ave N cost?
500 40th Ave N is listed at $449,900 (as of 06-04-2026).
Is Nashville a buyer's or seller's market?
Nashville is currently a buyer's market, with about 8.7 months of supply, 98.5% sale-to-list. The median list price is around $646,950 (as of 07-09-2026, RealTracs via IDX).
Similar listings near Nashville 37209
- 330 Stonecrest Way Nashville, $375,000, 3 bd / 2.5 ba, 1,386 sq ft
- 5620b Obrien Ave Nashville, $525,000, 3 bd / 2.5 ba, 1,954 sq ft
- 2018 Edison Park Ln Nashville, $525,000, 3 bd / 3 ba, 2,274 sq ft
- 1126 Lilly Valley Way Nashville, $365,000, 2 bd / 2.5 ba, 1,216 sq ft
- 1638 54th Ave N 228 Nashville, $355,000, 1 bd / 1 ba, 874 sq ft
- 5620a Obrien Ave Nashville, $545,000, 3 bd / 2.5 ba, 1,954 sq ft
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Market and guidance
Market guidance by Grant Hammond, Compass RE, with 25+ years and $1B+ in Middle Tennessee sales.
