216 Class A Units - 6698 Nashville Rd - Site

Investment Overview

SVN | Accel Commercial Real Estate is pleased to present a fully entitled 14.89-acre multifamily development site approved for 216 Class A apartment units at 6698 Nashville Road in Bowling Green, Kentucky — the #1 ranked U.S. metro under 200,000 for economic development performance. Offered at $3,150,000 ($14,583 per approved unit). The site (Lot 5) has secured all critical land use approvals, including a Future Land Use Map amendment and unanimous RM-4 rezoning, positioning the buyer for immediate vertical development with no entitlement risk. The approved development plan calls for 9 buildings at 3 stories maximum with a density of 14.52 units per acre. The property is directly adjacent to a ~50,325 SF Publix Grocery Store currently under construction — Bowling Green's first Publix location — anchoring a 29.98-acre mixed-use master development with Nashville Road (US 31-W) frontage. This grocery-anchored adjacency creates a built-in amenity and proven lease-up accelerator for the multifamily component. Bowling Green's housing market is severely undersupplied, with 14,000+ residential units needed over the next five years and 39% of existing apartment properties maintaining active wait lists. The metro's 8,241 total units across just 66 communities cannot keep pace with demand driven by General Motors' Corvette Assembly Plant, Western Kentucky University (16,759 students), Envision AESC's $2 billion EV battery gigafactory, and Tyson Foods' $355 million production facility. Warren County has grown 32.9% since 2010 and is projected to double in population by 2050. Class A rents in the market reach $1,095–$1,698/month ($1.12–$1.34/SF) at the recently delivered Viridian Apartments, the only institutional-quality comparable, while the overall market maintains 92.6% occupancy with 5.1% year-over-year rent growth. Site highlights include Nashville Road state highway frontage with 100 ft right-of-way, FEMA Zone X flood designation (no flood plains or wetlands), Warren County water and public sewer within 2,000 feet, and a completed ALTA/NSPS survey. The 5-lot preliminary subdivision plat provides dedicated access easements and infrastructure already designed for vertical construction.

Investment Highlights

• Fully Entitled 216-Unit Multifamily Site — FLUM amendment + RM-4 rezoning secured; shovel-ready for immediate vertical development
• Adjacent to Publix Grocery Store (Under Construction) — Bowling Green's first Publix anchors a 29.98-acre mixed-use development
• Nashville Rd (US 31-W) Frontage — High-visibility state highway corridor; 100 ft ROW
• 14.89 Acres | 14.52 DU/Acre | 9 Buildings | 3 Stories Max — Preliminary plat and ALTA survey complete
• #1 U.S. Metro Under 200K for Economic Development — 14,000+ units needed; 39% of existing properties maintain active wait lists
• No Flood Risk — Zone X designation; no wetlands; Warren County water + public sewer within 2,000 ft