521 Old Hickory BlvdNashville, TN 37138

Property Details for 521 Old Hickory Blvd

Year built

1930

Lot size

0.27 AC

Property size (Sq ft)

5,543 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.2649

Longitude

-86.6503

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