**Icahn-Owned Nashville Scrapyard Sells for $245 Million**
A well-known scrapyard on Nashville’s East Bank—long considered an eyesore by city officials—has officially changed hands. Situated in a rapidly transforming area poised for vibrant redevelopment, the property has been viewed as a longstanding obstacle to the city’s urban renewal efforts.
Now, that obstacle is gone. Two local real estate investors, David Byerly and Sam Lingo, have purchased the site for $245 million, one of the most significant land deals in Nashville’s history. The seller was billionaire investor Carl Icahn.
The scrapyard occupies a prime riverfront location on the southern edge of a roughly 550-acre redevelopment zone. To the north lies Nashville’s River North area, where Oracle Corporation plans to build a new tech campus across 70 acres. Between the scrapyard and River North are several major mixed-use developments, including the future Tennessee Titans stadium and The Fallon Co.’s master-planned East Bank project.
CBRE brokers Bryan Fort, Frank Thomasson, and Ryan Coulter represented Icahn Enterprises in finalizing the sale.
This transaction marks a significant chapter in the transformation of East Bank and underscores the growing momentum of large-scale development reshaping Nashville’s urban landscape.
