This exceptional Class A retail and restaurant space, located in Nashville's thriving City Heights district, offers a unique opportunity for multiple tenants. Built in 2021, the single, three-story building boasts a total of 8,094 square feet, with flexible spaces ranging from a minimum of 1,400 square feet to a maximum contiguous space of 2,681 square feet. Currently, 4,081 square feet are available for lease, spread across three suites within the building. The property sits on a 0.25-acre lot and provides ample parking with 20 spaces. The building is zoned for commercial use and is conveniently located near popular Nashville neighborhoods such as Midtown, The Gulch, Sylvan Park, and The Nations, ensuring high visibility and foot traffic. This vibrant area is experiencing significant growth, attracting a diverse range of businesses and residents. Existing tenants include a fitness center, coffee shop, Thai restaurant, and a salon, creating a strong and established commercial environment. While elevators are not available, the building's design and layout are optimized for efficient use of space. This is an ideal location for businesses seeking a modern, well-located space in a rapidly developing area of Nashville. Davidson County location ensures easy access to major transportation routes and a strong local customer base. The property's modern construction and prime location make it an attractive investment for discerning businesses.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$9,577,658
6.5%
$8,840,915
7%
$8,209,421
Comparable approach
Method
Valuation
Relative Method
$5,965,520
Geo Method
$5,965,520
Alternative Use
Use
Valuation
Residential
$8,840,915
Hospitality
$8,098,230
Educational
$6,737,633
Medical
$6,969,350
Retail
$10,480,762
Location Insight
City
Nashville
County
Davidson
State
Tennessee
Latitude
36.1587
Longitude
-86.8153
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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