A Midtown property that sold for $5.15 million about 2.5 years ago is now being listed for sale for $7.9 million.

With an address of 1627 State St. , the 0.59-acre property offers no building.

An LLC affiliated with Brentwood real estate investor Rakesh Aggarwal owns the raw land, having acquired it for, as noted, $5.15 million, in May 2023, according to Metro records (read here ). That price is about six times the mark for which the property previously changed hands, in 2013.

To the immediate east is a site on which Nashville's Chartwell Residential has long eyed a 14-story apartment building, with the status of that project unclear (read more here ). Across State Street are located apartment buildings comprising Margaux Midtown.

Aggarwal is the brother of Rajesh Aggarwal, who p

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