114 17Th AveNashville, TN 37203

  • Office buildings
  • 7,117 SF
For Sale
$8,000,000 View listing

Property Details for 114 17Th Ave

Year built
1920
Lot size
0.20 AC
Property size (Sq ft)
7,117 SF
Zone code
MULTI-ZONE
Property type
Office buildings
APN
092-16-0-229-00
APU
9216022900

Description

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

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
$37,620
$792,000
$364,120
$1,156,120
-
$1,980,000
$910,300
$2,890,300

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