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218 3Rd AveNashville, TN 37201

Prime Downtown Location, 20,000 SF, High Returns

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 20,000-square-foot multi-use building, constructed in 1890 and renovated in 2017, presents a rare investment opportunity in Nashville's vibrant Printers Alley district. The property boasts a prime location at 218 3rd Ave N, in the heart of the historic district, and features four floors plus a basement. The ground floor houses a thriving, established tenant, a prestigious cocktail bar occupying both the interior space and an outdoor seating area in a pedestrian alley. The second and third floors are currently configured as high-end, luxurious short-term rentals (STRs), capitalizing on Nashville's robust tourism market. These floors feature upgraded mechanical systems and sophisticated interiors. The fourth floor offers significant upside potential; approved plans and permits are in place for build-out, including the addition of a rooftop deck. Zoned MUIA within the Downtown Code, this property allows for a variety of commercial and residential uses, providing flexibility for future development and maximizing investment returns. This is a unique chance to acquire a piece of Nashville history with substantial income potential and significant room for growth. The property's rich history, combined with its modern updates and prime location, makes it an exceptional investment opportunity in one of the fastest-growing cities in the United States.

Highlights

  • Historic 20,000 SF mixed-use building in Nashville's Printers Alley.
  • Currently features ground floor retail leased to Black Rabbit, a high-profile bar and restaurant.
  • Upper floors consist of established luxury short-term rentals (STRs).
  • Approved plans and permits exist for a fourth-floor build-out with rooftop deck.
  • Zoned MUIA, allowing for diverse commercial and residential uses.

Property Details for 218 3Rd Ave

Property type
Retail properties, Mixed-use properties
Square Feet
20,000 SF
Year Built/Renovated
1890/2017

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.1649976
Longitude
-86.7778088
218 3Rd Ave, Nashville, Tennessee

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218 3Rd Ave
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