1717 Hayes StNashville, TN 37203

Property Details for 1717 Hayes St

Lot size

1.08 AC

Property size (Sq ft)

303,408 SF

Zone code

MUI-A

Property type

Retail properties

Property subtype

Parking lots & garages

APN

092-12-0-469-00

APU

9212046900

Description

This exceptional Class A condo-hotel investment opportunity in Nashville, TN, presents a unique chance to own a piece of a thriving hospitality market. Located at 1717 Hayes St, #1513, Nashville, TN 37203, this fee-simple property boasts a 9.65% cap rate and a strong NOI of $55,000. The 4-bedroom, 1-key unit, part of the VOCE Hotel & Residences, offers 503-1,800 square feet of space within a 25-story building on a 1.12-acre lot. The property features a modified lease with a franchisee tenant, ensuring a stable income stream with a remaining lease term of 7 years commencing June 1, 2027, and market rent bumps. The building itself is a mixed-use high-rise, constructed in 2027, and currently enjoys a 75% occupancy rate. Owners benefit from access to extensive amenities including two restaurants (one rooftop), event space, a juice bar, club lounge, health and wellness center, spa, and pet-friendly facilities. The property is zoned for mixed-use and offers the flexibility to use the unit personally or participate in the hotel's management program for passive income generation. This turnkey investment provides appreciation potential, cash flow, and tax benefits, making it an attractive option for discerning investors seeking a high-return asset in a prime Nashville location. The building features 10-foot ceilings.

• CAP approach

  CAP return

  Valuation

  6%

  $77,049,112

  6.5%

  $71,122,256

  7%

  $66,042,092

• Comparable approach

  Method

  Valuation

  Relative Method

  $65,815,748

  Geo Method

  $65,815,748

• Alternative Use

  Use

  Valuation

  Residential

  $59,994,284

  Hospitality

  $54,954,440

  Educational

  $45,721,448

  Medical

  $47,293,880

  Retail

  $71,122,256

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.154

Longitude

-86.7961

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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