602 Hill AveNashville, TN 37210

  • Office properties
  • 20,664 SF
For Lease
$25/SF/YR View listing

Property Details for 602 Hill Ave

Year built
1961
Property size (Sq ft)
20,664 SF
Zone code
IR
Property type
Office properties
Property subtype
Office buildings
APN
106-06-0A-001-00
APU
106060A00100

Description

This exceptional medical office building, located at 602 Hill Avenue in Nashville, Tennessee, offers 28,000 square feet of prime commercial space for lease. The property is situated in Davidson County, zip code 37210, and boasts ample parking for tenants and their clients. The building is currently fully vacant, presenting a unique opportunity for a single tenant to occupy the entire 28,000 square feet, or for multiple tenants to lease individual suites. Flexible lease terms are available to accommodate various needs. The minimum leasable space is 3,500 square feet, while the maximum contiguous space available is 21,000 square feet. This versatile property is ideally suited for a variety of medical practices or related businesses seeking a prominent location in a thriving Nashville neighborhood. The building's classification includes both retail and office space, making it suitable for a range of uses within the medical field. Its convenient location and ample parking make it an attractive option for both patients and staff. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy. Contact us today to schedule a viewing and explore the possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,569,749
    6.5%
    $3,295,153
    7%
    $3,059,785
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,778,757
    Geo Method
    $1,778,757
  • Alternative Use

    Use
    Valuation
    Residential
    $4,085,989
    Hospitality
    $3,742,744
    Educational
    $3,113,919
    Medical
    $3,221,012
    Retail
    $4,843,874
602 Hill Ave, Nashville, Tennessee

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.1392
Longitude
-86.7343
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
$14,211
$135,360
$301,360
$436,720
-
$338,400
$753,400
$1,091,800

FAQs

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