For Sale
$570,000

1717 Hayes StNashville, TN 37203

Luxury Condo Hotel, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A condo-hotel investment opportunity in Nashville, TN, presents a unique chance to own a piece of a thriving hospitality market. Located at 1717 Hayes St, #1513, Nashville, TN 37203, this fee-simple property boasts a 9.65% cap rate and a strong NOI of $55,000. The 4-bedroom, 1-key unit, part of the VOCE Hotel & Residences, offers 503-1,800 square feet of space within a 25-story building on a 1.12-acre lot. The property features a modified lease with a franchisee tenant, ensuring a stable income stream with a remaining lease term of 7 years commencing June 1, 2027, and market rent bumps. The building itself is a mixed-use high-rise, constructed in 2027, and currently enjoys a 75% occupancy rate. Owners benefit from access to extensive amenities including two restaurants (one rooftop), event space, a juice bar, club lounge, health and wellness center, spa, and pet-friendly facilities. The property is zoned for mixed-use and offers the flexibility to use the unit personally or participate in the hotel's management program for passive income generation. This turnkey investment provides appreciation potential, cash flow, and tax benefits, making it an attractive option for discerning investors seeking a high-return asset in a prime Nashville location. The building features 10-foot ceilings.

Highlights

  • No short-term rental permit needed.
  • Investment opportunity with strong potential for appreciation, cash flow, and tax benefits.
  • Turnkey investment offering various floor plans and pricing; contact broker for details and proforma review.

Property Details for 1717 Hayes St

Property type
Specialty properties, Mixed-use properties
Square Feet
503 SF
Class
A
Year Built
2027
Buildings
1
Stories
25
Lot Size (sq. ft)
48,787 SF

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.153979
Longitude
-86.796055
1717 Hayes St, Nashville, Tennessee

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1717 Hayes St
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