The Collective is a 3.18-acre, shovel-ready development site in the heart of Madison, fully entitled for 51 residential units under an approved Specific Plan (BL2025-791, 2023SP-086-001). The site is priced at $2,200,000, which works out to roughly $43,137 per door for entitled land in one of Nashville's fastest-growing submarkets.
The approved plan includes 37 townhomes, 7 attached duplexes, a community clubhouse with co-working and amenity space, and 109 on-site parking spaces. Maximum height is 3 stories or 45 feet, with density locked in at 16 units per acre. Public water, sewer, and electric already serve the site, which meaningfully reduces infrastructure costs and accelerates the path to construction.
Because the SP is fully approved, a buyer skips the 12 to 24 months of entitlement risk that comes with typical Nashville land deals and moves straight into design and permitting. The zoning supports multiple exit strategies, including build-to-rent, for-sale townhomes, short-term rentals, or a hybrid approach.
Location is a major part of the story. The site sits less than 15 miles from downtown Nashville with quick access to I-65, Gallatin Pike, and Vietnam Veterans Parkway. It's less than a mile from the $450M Rivergate Master Plan redevelopment, a 57-acre project breaking ground in 2026 that will deliver roughly 700 multifamily units, 100 townhomes, 80 senior housing units, plus retail, restaurants, medical office, and hotels. The Collective is positioned to ride that wave of investment and absorption.
Madison itself is in the middle of a transformation that closely mirrors East Nashville's trajectory a decade ago. The 3-mile radius around the site has a population of 51,220 with a median household income of $58,000 and a median age of 36, exactly the demographic driving demand for attainable middle-density product. New townhomes in Madison are currently trading between $309K and $432K per unit ($220 to $329 per SF), with 3-bedroom product averaging around $400K.
For the right developer, The Collective is a rare opportunity to acquire fully entitled, infrastructure-ready land in a Nashville submarket where the demand fundamentals are accelerating, not slowing down.
Tyler Cauble
The Cauble Group
