504 4Th AveNashville, TN 37210

Property Details for 504 4Th Ave

Year built

1968

Lot size

0.61 AC

Property size (Sq ft)

8,160 SF

Zone code

MULTI-ZONE

Property type

Office buildings

APN

093-10-0-444-00

APU

9310044400

Description

This exceptional investment opportunity encompasses two properties located in Nashville's vibrant SoBro South Market district at 504 4th Ave South and 319 Peabody St, totaling 26,571 square feet (150' x 178') of fenced land. The existing structures, totaling 8,160 square feet, are a single-story, 1968-built building currently classified as Class C, with permitted Downtown Code (DTC) zoning. This presents a unique chance to redevelop a mixed-use property encompassing multifamily, office, and hospitality elements. The properties are situated in the Lafayette submarket of downtown Nashville, within Davidson County, TN, zip code 37210. The site's size and zoning offer significant potential for a variety of projects, catering to the area's growing demand for diverse commercial and residential spaces. The existing buildings, while functional, provide a blank canvas for a modern, high-impact development. This is a rare chance to acquire a substantial land parcel in a prime Nashville location, poised for significant appreciation. The property's location offers easy access to Nashville's thriving downtown core, providing convenient access to major transportation routes, amenities, and employment centers. This is an ideal opportunity for developers seeking a high-return investment in a rapidly expanding urban market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,409,657

  6.5%

  $1,301,222

  7%

  $1,208,277

• Comparable approach

  Method

  Valuation

  Relative Method

  $702,413

  Geo Method

  $702,413

• Alternative Use

  Use

  Valuation

  Residential

  $1,613,515

  Hospitality

  $1,477,971

  Educational

  $1,229,654

  Medical

  $1,271,944

  Retail

  $1,912,796

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.1557

Longitude

-86.7733

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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