5 Lafayette StNashville, TN 37210

Property Details for 5 Lafayette St

Year built

1960

Lot size

0.27 AC

Property size (Sq ft)

1,484 SF

Zone code

CF

Property type

Gas stations

APN

093-15-0-314-00

APU

9315031400

Description

This exceptional mixed-use property, situated at 5 Lafayette Street in the vibrant heart of Nashville, Tennessee, presents a compelling investment opportunity. Boasting 1,484 square feet on a 0.27-acre lot, this property enjoys a highly desirable location, offering immediate access to the bustling energy of downtown Nashville. Its proximity to the Music City Center and other key downtown attractions ensures high visibility and significant foot traffic, making it ideal for a variety of commercial ventures. The property is being sold "as is," providing the buyer with the flexibility to customize and develop the space to perfectly suit their business needs. The asking price is $2,999,999. Given its prime location and substantial square footage, this property represents a rare chance to acquire a significant commercial asset in one of Nashville's most sought-after areas. The property's central location offers unparalleled convenience and accessibility, placing it within easy reach of a diverse range of businesses, residential areas, and entertainment venues. This makes it an attractive proposition for entrepreneurs and investors seeking a strong foothold in the thriving Nashville commercial market. The 0.27-acre lot provides ample space for potential expansion or outdoor amenities, further enhancing its value and versatility. Serious inquiries are encouraged to explore this unique opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $376,855

  6.5%

  $347,866

  7%

  $323,019

• Comparable approach

  Method

  Valuation

  Relative Method

  $321,912

  Geo Method

  $321,912

• Alternative Use

  Use

  Valuation

  Residential

  $293,438

  Hospitality

  $268,788

  Educational

  $223,628

  Medical

  $231,319

  Retail

  $347,866

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.1506

Longitude

-86.7683

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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