5201 Hickory Holw PkwyNashville, TN 37013

  • Gas stations
  • 10,766 SF
For Sale
$3,750,000 View listing

Property Details for 5201 Hickory Holw Pkwy

Year built
1990
Lot size
1.57 AC
Property size (Sq ft)
10,766 SF
Zone code
CS
Property type
Gas stations
APN
163-00-0-084-00
APU
16300008400

Description

This exceptional 10,766-square-foot freestanding commercial building presents a unique investment opportunity in Nashville, Tennessee. Situated on a 1.57-acre lot, this single-story structure is zoned Cs Commercial Service and currently configured for automotive services, but easily adaptable to various uses. The property boasts a warehouse/workspace area, offices, and a lobby/showroom, providing ample versatility. Its prime location offers unparalleled convenience, being directly adjacent to Hickory Hollow Mall, just north of the New Century Farm development, and within a short drive of Nashville International Airport (BNA) and downtown Nashville. The property includes one loading dock, making logistics efficient. The asking price is $3,750,000, translating to $348.32 per square foot. This represents a compelling value for a property of this size and location. Convenient access to I-24 (Exit 59) further enhances its appeal. The property is offered as a Net Net Net (NNN) lease. This is a rare opportunity to acquire a well-positioned, versatile commercial building in a thriving Nashville market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,733,978
    6.5%
    $2,523,672
    7%
    $2,343,410
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,335,378
    Geo Method
    $2,335,378
  • Alternative Use

    Use
    Valuation
    Residential
    $2,128,812
    Hospitality
    $1,949,980
    Educational
    $1,622,360
    Medical
    $1,678,156
    Retail
    $2,523,672

Location Insight

City
Antioch
County
Davidson
State
Tennessee
Latitude
36.0486
Longitude
-86.6614
CBSA code
34980
CBSA name
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,413
$153,200
$228,280
$381,480
-
$383,000
$570,700
$953,700

FAQs

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