This exceptional mixed-use property, located at 114 17th Ave S in Nashville, Tennessee, presents a rare opportunity to acquire a piece of music history. The three-story building boasts 9,105 square feet and sits on a 0.39-acre lot, providing ample space for various uses. Currently operating as a fully functional recording studio, this landmark location has been featured in numerous television shows and international publications, having hosted countless sessions for globally recognized artists. The property includes state-of-the-art recording equipment, enhancing its operational capabilities. Architectural features include impressive floating catwalks and lofts, adding to the unique character of the space. A fully equipped chef's kitchen is located in the basement, providing additional functionality. The sale includes both parcels at 114 and 116 17th Ave S, offering significant potential for expansion or redevelopment. With over thirteen parking spaces on-site, the property offers convenient access and ample parking for clients and staff. This turnkey operation is ideally suited for a discerning buyer seeking a high-profile investment in Nashville's vibrant music scene. The property's rich history and prime location make it an exceptional opportunity for continued success in the entertainment industry or for adaptive reuse. The substantial square footage and versatile layout offer significant potential for future development and expansion.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,229,476
6.5%
$1,134,901
7%
$1,053,837
Comparable approach
Method
Valuation
Relative Method
$612,631
Geo Method
$612,631
Alternative Use
Use
Valuation
Residential
$1,407,278
Hospitality
$1,289,059
Educational
$1,072,482
Medical
$1,109,366
Retail
$1,668,305
Location Insight
City
Nashville
County
Davidson
State
Tennessee
Latitude
36.1526
Longitude
-86.7932
CBSA code
34980
CBSA name
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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