1804 Patterson StNashville, TN 37203

Property Details for 1804 Patterson St

Year built

1982

Lot size

0.19 AC

Property size (Sq ft)

1,176 SF

Zone code

MUI-A

Property type

Office properties

Property subtype

Office buildings

APN

092-12-0-094-00

APU

9212009400

Description

This exceptional 0.64-acre commercial and residential development opportunity is located at 1804 Patterson St, Nashville, TN 37203, in Davidson County. The property boasts 175 linear feet of frontage on Patterson Street, situated mid-block between 18th and 19th Avenues. Zoned MUI-A, it allows for a 5.0 Floor Area Ratio (FAR) and 15 stories as of right, presenting significant potential for high-density development. Its strategic location places it one block south of Charlotte Avenue (25,623 vehicles per day) and four blocks north of West End Avenue (24,616 vehicles per day), ensuring high visibility and accessibility. The surrounding area has experienced substantial growth over the past decade, with the completion of 8,800 apartments, 6.1 million square feet of office space, and 4,970 hotel rooms. Furthermore, there are 4,700 apartment units, 1,100 hotel rooms, and 1.4 million square feet of office space currently under construction, indicating a thriving and expanding market. This property offers a unique chance to capitalize on Nashville's dynamic real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $203,156

  6.5%

  $187,529

  7%

  $174,134

• Comparable approach

  Method

  Valuation

  Relative Method

  $101,230

  Geo Method

  $101,230

• Alternative Use

  Use

  Valuation

  Residential

  $232,536

  Hospitality

  $213,002

  Educational

  $177,215

  Medical

  $183,310

  Retail

  $275,668

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.157

Longitude

-86.7996

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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