Improved Mixed-Use Land for Lease in Lebanon, Tennessee

PRIME GROUND LEASE opportunity for savvy multifamily investors and developers in booming Wilson County, TN. This exceptional 2.77-acre (±120,000 sq ft) infill site at 900 Carthage Hwy offers rare dual frontage connecting high-traffic Carthage Highway (Hwy 70) to 227 Trousdale Ferry Pike, delivering strong visibility, accessibility, and efficient development potential in one of Wilson County’s fastest-growing corridors. The property features approximately 143 feet of frontage on Carthage Hwy and 189 feet along Trousdale Ferry Pike, forming a highly functional rectangular layout ideal for site planning and maximizing density. Zoned R2 High-Density Residential with noted commercial flexibility, it supports duplexes, townhomes, multifamily apartments, residential courts, small-scale communities, and manufactured housing, making it ideal for build-to-rent and long-term investment strategies driven by strong population growth, job expansion, and proximity to shopping, schools, and I-40 via Hwy 70N and East Baddour Parkway. Existing multifamily apartments on the 900 Carthage Hwy frontage do not convey and are excluded from the offering. The City has pre-approved cut-through access from Carthage Hwy, subject to standard conditions, allowing connectivity between both road frontages for improved circulation and design. Utilities including electricity, public water, and sewer are available on both sides, reducing development costs and timelines. Surrounded by established neighborhoods and consistent traffic, the site offers strong rental demand and long-term upside. Owner will not sell; ground lease only. Tenant responsible for due diligence, entitlements, and approvals. Rare opportunity to control a high-growth asset in Wilson County. No drive ups please shown by appointment only. Package deal—Incentives available for tenants securing all three sites (MLS No. 3156214, 3156215, and 3156216).