Best use of property/lot in Fayetteville TN 37334

[Edgar Juarez Ruiz]

I have this lot in Fayetteville Tn, roughly 1.5hrs from Nashville. I was planning in building a duplex with the option of selling. I did think of keeping it, but with current rates and the area it does not seem to work... Also, What if I could build 2 townhouses ? so I can sell it separately, is that even an option? or maybe instead of 2 townhouses maybe built 3 to 4 townhouses. Would the townhouses need HOA? Or should i just keep it simple with a duplex. property is located in clay avenue

If I want to build something else beside a duplex or single house, it might take a couple months to get approved by the city. Is it worth the wait?  I have talk to Realtors in the area and well their answer is not analytical.  (They just do not know )

I highly appreciate your answers!