The Nashville MSA consists of Metropolitan Nashville/Davidson County, plus the surrounding seven counties of Cheatham, Dickson, Robertson, Montgomery, Sumner, Williamson, and Wilson Counties. This MSA represents almost 20% of the population of Tennessee and is part of the 40-county SMSA of Middle Tennessee, which was established by the US Census Bureau in 1970.
Metro Nashville/Davidson County is the economic focal point of the area with a population of about 569,000, while the remaining seven counties have a combined population of an additional 661,420, creating a viable MSA of 1,231,311 persons.
The Nashville MSA exhibits a broadly diversified economic base, being a recognized center of publishing and printing, finance/insurance, health care management, music, transportation, and tourism/conventions. All of these economic segments tend to “import” dollars, which strengthens the local base of commerce and helps the local economy to be less affected by swings in the national economy. The Nashville market tends to go into recession later and emerge sooner than the broader trends and usually with less overall effect.
The Nashville MSA exhibits a broadly diversified economic base, being a recognized center of publishing and printing, finance/insurance, health care management, music, transportation, and tourism/conventions. All of these economic segments tend to “import” dollars, which strengthens the local base of commerce and helps the local economy to be less affected by swings in the national economy. The Nashville market tends to go into recession later and emerge sooner than the broader trends and usually with less overall effect.Contact:
TOM JOHNSTON
Managing Director | Designated Broker
SVN | SFRhub Marketplace
T: 602.441.5354
C: 602.403.3695
[email protected]
License #: BR507919000
BOR:
SVN | The Genesis Group
Carnell Scruggs, CCIM
Managing Director
Visit www.SFRhub.com and search for portfolio 101514 for more information.
The subject property, consisting of 58 Entitled Residential Lots and a 1.5 Acre Commercial Parcel is nestled in the strong Springfield, TN sub-market on the west and south at Highway 257 to the east and I-65 and to the north of the Kentucky and Tennessee State lines. Within the immediate neighborhood, roughly 40 percent (40%) of the use is commercial and sixty percent (60%) is residential. Absorption of vacant land has increased over the last several years, with large growth in both commercial and residential development. The immediate area offers convenient access to the greater Nashville MSA, only 28 miles to downtown Nashville, offering future residents immediate or near to a thriving job market as well as significant recreational activities, shopping, dining, and entertainment.
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