419 Murfreesboro PikeNashville, TN 37210

Property Details for 419 Murfreesboro Pike

Year built

1961

Lot size

0.57 AC

Property size (Sq ft)

6,368 SF

Zone code

CS

Property type

Parking lots & garages

APN

106-01-0-112-00

APU

10601011200

Description

This exceptional 0.54-acre lot, located at 419 Murfreesboro Pike in Nashville, Tennessee, presents a fantastic opportunity for a single-tenant retail or restaurant business. Zoned CS/1, this property offers significant potential for a variety of uses, particularly those catering to the high traffic volume of this busy thoroughfare. The site's size provides ample space for building development, parking, and outdoor seating, if desired. The address is conveniently situated within Davidson County, offering easy access to major transportation routes and a strong customer base. The property is currently available for lease and represents a rare chance to establish a thriving business in a prime Nashville location. The existing zoning allows for a wide range of commercial uses, making it an attractive investment for both established businesses and new ventures. This location benefits from high visibility and accessibility, ensuring maximum exposure to potential customers. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial property. The property is offered as a single-tenant space, providing a unique opportunity for a business seeking a dedicated location with high visibility and convenient access. The 37210 zip code boasts a thriving community and strong demographics, making it an ideal location for a successful business. This is a rare opportunity to secure a prime commercial property in a high-demand area of Nashville.

• CAP approach

  CAP return

  Valuation

  6%

  $1,617,125

  6.5%

  $1,492,731

  7%

  $1,386,107

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,381,357

  Geo Method

  $1,381,357

• Alternative Use

  Use

  Valuation

  Residential

  $1,259,174

  Hospitality

  $1,153,397

  Educational

  $959,613

  Medical

  $992,615

  Retail

  $1,492,731

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.1436

Longitude

-86.748

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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