39 Lafayette StNashville, TN 37210

Property Details for 39 Lafayette St

Year built

1950

Lot size

0.12 AC

Property size (Sq ft)

2,204 SF

Zone code

CS

Property type

Retail properties

Property subtype

Strip malls

APN

093-15-0-350-00

APU

9315035000

Description

This exceptional mixed-use property presents a rare opportunity in the vibrant heart of Nashville, TN. Situated at 39 Lafayette Street, this offering encompasses two parcels totaling 0.26 acres (11,325 square feet) and includes a 2,200-square-foot church building. Its prime location offers unparalleled access to the bustling energy of downtown Nashville, placing it in close proximity to the Music City Center and other key attractions. The property's configuration provides significant flexibility for a variety of commercial ventures. The existing church building offers substantial interior space adaptable to various uses, while the adjacent lot at 41 Lafayette Street provides valuable off-street parking, a highly sought-after amenity in this densely populated area. The property is being sold "as is," allowing for creative redevelopment and customization to suit the buyer's specific vision. This is an exceptional chance to acquire a strategically located commercial property in one of Nashville's most dynamic and desirable neighborhoods. The combination of the existing building and the additional parking lot presents a unique opportunity for investors and developers seeking a high-impact investment in a thriving urban environment. The property's size and location make it ideal for a range of commercial uses, offering significant potential for future growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $559,696

  6.5%

  $516,642

  7%

  $479,739

• Comparable approach

  Method

  Valuation

  Relative Method

  $478,095

  Geo Method

  $478,095

• Alternative Use

  Use

  Valuation

  Residential

  $435,807

  Hospitality

  $399,197

  Educational

  $332,127

  Medical

  $343,550

  Retail

  $516,642

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.1498

Longitude

-86.7662

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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