3901 Clarksville PikeNashville, TN 37218

Property Details for 3901 Clarksville Pike

Year built

2003

Lot size

0.41 AC

Property size (Sq ft)

2,512 SF

Zone code

CL

Property type

Retail properties

Property subtype

Gas stations

APN

069-04-0-084-00

APU

6904008400

Description

This exceptional mixed-use investment opportunity encompasses two adjacent parcels totaling 17,860-18,731 square feet on Clarksville Pike in Nashville, TN. The property includes a 2,600 square foot building currently operating as a 100% occupied auto repair shop with two bays and a 1,000 square foot basement storage area, plus a non-functioning car wash on an adjacent lot. Built in 2003, the property features 19-foot ceilings and 13 parking spaces. The buildings sit on a combined lot with excellent visibility and frontage on Clarksville Pike, a major north-south artery recently widened to five lanes. The property is zoned for commercial use, specifically auto repair and retail, offering significant redevelopment potential. There are no underground tanks on either lot. The asking price is $2,150,000, representing a 6.00% cap rate. This presents a compelling value-add opportunity for an owner-operator or investor seeking a profitable business or redevelopment project in a high-growth area of Nashville. The sale price includes the valuation of the active auto repair business.

• CAP approach

  CAP return

  Valuation

  6%

  $637,911

  6.5%

  $588,841

  7%

  $546,781

• Comparable approach

  Method

  Valuation

  Relative Method

  $544,907

  Geo Method

  $544,907

• Alternative Use

  Use

  Valuation

  Residential

  $496,710

  Hospitality

  $454,983

  Educational

  $378,541

  Medical

  $391,559

  Retail

  $588,841

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.2086

Longitude

-86.84

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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