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521 Old Hickory Blvd Nashville, TN 37138

Historic building, high NOI potential

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional redevelopment opportunity presents a three-story, 5,543 square foot building situated on a 0.27-acre lot at 521 Old Hickory Blvd in Nashville, TN. Built in 1930 and renovated in 2018, the property boasts a charming brick exterior and sophisticated interior. Currently operating at 100% occupancy with five tenants, the building generates a current NOI of $42,118, with a pro-forma NOI projected at $113,771. The property features 14 parking spaces and is zoned CS: Commercial Service, allowing for a variety of uses. The building comprises four commercial units, two residential units, and three additional storage units. This value-add or owner-user investment presents a unique chance to capitalize on the vibrant Nashville market. The property's strong existing cash flow, combined with its significant upside potential, makes it an attractive proposition for investors seeking a high-return opportunity in a desirable location. The building's history and architectural details offer a unique character, while its location provides excellent access to local amenities and transportation. Detailed financial information and floor plans are available upon request.

Highlights

  • 4 Commercial, 2 Residential, and 3 Storage Units.
  • 5,543 SF building (including basement).
  • 100% Occupancy.
  • CS Commercial Service Zoning.
  • 0.27-acre lot.
  • 1930 Construction.

Property Details for 521 Old Hickory Blvd

Property type
Retail properties, Restaurants
Square Feet
5,543 SF
Class
B
Year Built/Renovated
1930/2018
Buildings
1
Stories
3
Lot Size (sq. ft)
11,761 SF
Units
5

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.2649184
Longitude
-86.6503318

FAQs

What type of property is this?
Retail property - Historic building, high NOI potential
Where is the retail property located?
The property is located at 521 Old Hickory Blvd Nashville, TN.
What are key features of this property?
This property features: 4 Commercial, 2 Residential, and 3 Storage Units.; 5,543 SF building (including basement).; 100% Occupancy.
How can I contact the broker?
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521 Old Hickory Blvd
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