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Residential Land for Sale in Madison, Tennessee

116 S Graycroft Ave, Madison, TN 37115

$1,250,000
2 acres
Active sale
ago
Est $8,642/mo

Prime Development or Investment Opportunity! Rare chance to acquire two side-by-side properties at 116 S & 118 S Graycroft Ave, offered together on a combined 1.92 acres. Whether you’re looking to redevelop, tear down and build, or hold as income-producing assets, this property delivers flexibility and upside.

Both homes are in excellent condition, making them ideal for immediate rental or interim use while planning future development. Located in a desirable and convenient area with strong growth potential. Parcel IDs: 042-14-0-096.00 & 042-14-0-097.00

Opportunities like this—size, location, and dual parcels—don’t come around often.

Location

Street address
116 S Graycroft Ave
Elevation
589 feet
Coordinates
36.2606, -86.7335

Directions

I-65N to exit 92, east on OHB, R on S Graycroft to 110 on R with sign posted. Or north on Ellington Pkwy which becomes Graycroft

Property details

Acreage
1.92 acres
Zoning
Rs20
Access
Public road
MLS #
REALTRACS 3171271
Posted

Property taxes

Recent
$2,590

Parcels

  • 04214009600

Resources

Details and features

Listing

Type
Land
Current Use
Residential
Financing
Conventional
Inclusions
Land and Buildings
Possession
Close of Escrow

Lot

Size Source
Assessor
Dimensions
115 X 37592
Terrain
Level
Road Frontage
City Street
Road Surface
Asphalt

Structure

Water
Public
Sewer
Public Sewer

Interior

Security
Smoke Detector(s)

Property utilities

CategoryTypeStatus
SewageSewerAvailable
WaterPublicAvailable

Nearby schools

NameType
Stratton ElementaryElementary
Madison MiddleMiddle
Hunters Lane Comp High SchoolHigh

Listing history

DateEventPriceChangeSource
Apr 12, 2026New listing$1,250,000REALTRACS
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This 1.92-acre property is located at 116 S Graycroft Ave in Madison, TN 37115. The property is available for sale for $1,250,000 with a price per acre of $651,042.

Checked 2 hours ago — Updated

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Realtracs

Based on information submitted to the MLS GRID as of Apr 16, 2026 5:00 pm MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

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