1811 Charlotte AveNashville, TN 37203

Property Details for 1811 Charlotte Ave

Year built

1972

Lot size

0.66 AC

Property size (Sq ft)

6,705 SF

Zone code

MUG-A

Property type

Office buildings

APN

092-12-0-033-00

APU

9212003300

Description

This exceptional mixed-use property at 1811 Charlotte Avenue in Nashville, Tennessee, presents a compelling redevelopment opportunity. Boasting 6,302 square feet on a 0.66-acre lot, this Class A building, constructed in 1972 and renovated in 2009, offers significant potential for investors and owner-users. The property features a convenient location in Midtown Nashville, a rapidly growing area projected for an additional 8-10% population and household growth. Its strategic positioning provides easy access to interstates I-40, I-440, and I-65, ensuring excellent visibility and accessibility. The property includes 32 parking spaces, a loading dock, and a freight elevator (3' x 5.5'). Interior features include a 12'11" warehouse space height, two main floor restrooms, one upstairs restroom, and convenient loading access to both the first and second floors via a 7'11" x 6'11" opening. Exterior amenities include a Rainbird sprinkler system. The property benefits from nearly 200 feet of road frontage to the Northwest and 118 feet to the Northeast, and one designated handicapped parking space. The permitted zoning is Mixed-Use General. This property is being offered for sale by owner at $5,900,000 ($936.21/sq ft). Its proximity to TriStar Centennial and St. Thomas Ascension Hospital campuses, and numerous specialty clinics, further enhances its investment appeal. This is a rare chance to acquire a significant asset in a thriving Nashville neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,158,303

  6.5%

  $1,069,202

  7%

  $992,831

• Comparable approach

  Method

  Valuation

  Relative Method

  $577,166

  Geo Method

  $577,166

• Alternative Use

  Use

  Valuation

  Residential

  $1,325,811

  Hospitality

  $1,214,436

  Educational

  $1,010,396

  Medical

  $1,045,145

  Retail

  $1,571,728

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.1576

Longitude

-86.8001

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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