523 Gallatin PikeNashville, TN 37115

Property Details for 523 Gallatin Pike

Year built

1942

Lot size

1.50 AC

Property size (Sq ft)

14,490 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

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.

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.2578

Longitude

-86.7138

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