For Sale
$1,900,000

1315 5Th AveNashville, TN 37208

Boutique Hotel, Redevelopment Potential, Nashville

Overview

Added:
Dec 11, 2024
Days on market:
115
This unique Nashville property, located at 1315 5th Ave N, offers a compelling investment opportunity. The 0.2-acre lot features two buildings totaling 2,556 square feet, built in 1910, with one story each. The property is zoned MUN Mixed use Neighborhood (Commercial or Residential), allowing for diverse development options. Currently configured as a boutique hotel, the property presents significant redevelopment potential for experiential retail, restaurants, or a combination thereof. The asking price is $1,900,000 ($743.35/sq ft). The property includes two parking spaces. Adjacent properties at 1317 and 1319 5th Ave N may be available for acquisition, expanding the potential development footprint. The existing buildings offer a blend of historic charm and modern adaptability. Potential plans include 3,617 square feet of first-floor retail/restaurant space (with proposed additions), a 2,902 square foot historic home with a new addition, and a 715 square foot event space. The total floor area ratio (FAR) is approximately 4,197 square feet. This presents a rare chance to transform a historic landmark into a thriving modern hospitality or mixed-use venture in the vibrant Germantown neighborhood of Nashville, Tennessee.

Highlights

  • Exceptional adaptive reuse opportunity, converting historic building into a modern hotel.
  • Prime downtown location with high foot traffic and excellent visibility.
  • Existing infrastructure minimizes initial capital expenditure, allowing for faster ROI.
  • Unique architectural details preserved, creating a distinctive and memorable guest experience.
  • Strong potential for high occupancy rates due to desirable location and unique character.

Property Details for 1315 5Th Ave

Property type
Hospitality properties
Square Feet
2,556 SF
Year Built
1910
Buildings
2
Stories
1
Lot Size (sq. ft)
8,712 SF

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.177571731858
Longitude
-86.789560368431
1315 5Th Ave, Nashville, Tennessee

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1315 5Th Ave
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