For Sale
$3,350,000

523 Gallatin PikeNashville, TN 37115

12-Tenant Retail Center, High Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional redevelopment opportunity in Nashville, TN. This fee-simple 1.5-acre shopping center at 523 Gallatin Pike South, zip code 37115, boasts 14,490 square feet across three single-story buildings. Currently 100% occupied by twelve tenants with a mix of lease terms (mostly 1-3 years), offering immediate cash flow. The property features 290 feet of frontage on Gallatin Pike, a high-traffic thoroughfare in the heart of Madison. Built in 1942, the buildings have undergone various renovations and are well-maintained. The CS-overlay zoning allows for flexibility, presenting significant value-add or redevelopment potential. The asking price is $3,350,000 ($231.19/sq ft). This corner lot presents a rare chance to capitalize on a prime location and strong tenant occupancy. The property includes three commercial buildings and two residential buildings on Harrington, totaling four tax parcels. The residential buildings are zoned OR20. This is a net lease property with no credit rating available for the tenants.

Highlights

  • Significant redevelopment or value-add potential.
  • Flexible zoning (CS and OR20).
  • Prime location on Gallatin Pike South in Madison's downtown area.
  • 290 feet of Gallatin Pike frontage.
  • Corner lot.
  • Well-maintained buildings with recent renovations.

Property Details for 523 Gallatin Pike

Property type
Lifestyle centers, Power centers
Square Feet
14,490 SF
Year Built
1942
Buildings
3
Stories
1
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.257835219997
Longitude
-86.713836420797
523 Gallatin Pike, Nashville, Tennessee

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523 Gallatin Pike
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