Improved Mixed-Use Land for Sale in Lebanon, Tennessee

COMMERCIAL | MULTIFAMILY ZONED 2.77-acre dual-frontage development corridor connects 900 Carthage Highway to 251 Trousdale Ferry Pike, offering one of Lebanon's most flexible and high-visibility residential development sites. The Carthage Highway side provides approximately 143 feet of frontage and includes existing multifamily units that are not for sale; however, the owner will grant access through this frontage, allowing a unified site plan and full connection between both major roadways. The Trousdale Ferry Pike side is formed by four combined parcels totaling approximately 189 feet of frontage, creating a long and efficient development block ideal for a wide range of configurations. Zoned R2 High-Density Residential, the property supports an exceptional mix of potential uses including duplexes, two-family dwellings, townhomes, multifamily structures, residential court concepts, and mobile home or manufactured housing communities. This zoning makes the site especially attractive for build-to-rent operators, small-scale multifamily developers, and long-term residential investors seeking an infill location with strong demand drivers. Utilities are readily available on both frontages, including electricity, public water, and public sewer, significantly reducing development timelines and off-site improvement costs. The location benefits from consistent traffic flow, established residential surroundings, proximity to Lebanon's main commercial corridors, and easy access to Highway 70N and East Baddour Parkway. This corridor continues to experience rapid growth, supported by nearby employment centers, schools, and service amenities. The owner is not interested in selling; this is a ground lease opportunity only. For developers seeking long-term control of a strategically positioned infill site with strong zoning flexibility, dual access, and built-in multifamily adjacency, this property offers a rare and valuable footprint within the expanding Lebanon market.