2600 Clifton AveNashville, TN 37209

  • Residential income properties
  • 44,711 SF
For Sale
$8,900,000 View listing

Property Details for 2600 Clifton Ave

Year built
1920
Lot size
0.53 AC
Property size (Sq ft)
44,711 SF
Zone code
MULTI-ZONE
Property type
Residential income properties
Property subtype
High-rise multifamily apartments
APN
092-06-0-578-00
APU
9206057800

Description

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
2600 Clifton Ave, Nashville, Tennessee

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

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
$140,561
$301,600
$4,018,040
$4,319,640
-
$754,000
$10,045,100
$10,799,100

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