For Sale
$540,000

7982 Coley Davis RdNashville, TN 37221

1,480 sq ft, prime Bellevue location, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This 1,480-square-foot Class B office condominium, located at 7982 Coley Davis Road, Suite 201, Nashville, TN 37221, presents a compelling investment opportunity. Situated in the desirable Bellevue area of West Nashville, this single-unit property boasts a creative, executive, and traditional office layout, ideal for a variety of uses. The unit features a spacious open floor plan, perfect for cubicles, training facilities, or custom office divisions. Additional features include a private enclosed patio, a small office, several storage rooms, a bathroom, and a kitchen. Recent improvements include fresh paint and new flooring. The property is zoned COM and benefits from a 3% annual rent bump. The asking price is $540,000, representing a price per square foot of $364.86 and a 6.70% cap rate, with a net operating income (NOI) of $36,186. The property is offered as a net lease (NNN) investment with a single tenant. Built in 2005, this property offers convenient access to I-40 and Highway 70, placing it within easy reach of numerous amenities, including universities, hospitals, downtown Nashville, and a variety of restaurants and businesses. Tenant improvement allowances and rent concessions are available. This property is readily available for owner-occupancy or leasing at a base NNN rent.

Highlights

  • 1,480 SF Class B office condo in desirable Bellevue, West Nashville, offering a prime investment opportunity.
  • Excellent location with easy access to I-40 and Highway 70, near public transportation.
  • Less than 15 minutes to universities, hospitals, and downtown Nashville.
  • Abundant nearby amenities including numerous restaurants and banking institutions.
  • Currently leased with a 6.70% cap rate and $36,186 NOI; $540,000 asking price ($364.86/SF).

Property Details for 7982 Coley Davis Rd

Property type
Office properties, Office space
Square Feet
1,480 SF
Class
B
Year Built
2005
Units
1

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.074890040783
Longitude
-86.966676663817
7982 Coley Davis Rd, Nashville, Tennessee

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7982 Coley Davis Rd
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