1101 Polk AveNashville, TN 37210

Property Details for 1101 Polk Ave

Year built

1963

Lot size

1.50 AC

Property size (Sq ft)

4,080 SF

Zone code

IR

Property type

Office buildings

APN

106-05-0-122-00

APU

10605012200

Description

This exceptional 34,261-square-foot warehouse, located at 1101 Polk Avenue in Nashville, Tennessee, presents a compelling investment opportunity. Priced at $4,000,000 ($116.75 per square foot), this industrial property boasts a desirable IR zoning designation. The warehouse features a generous ceiling height of 12 feet, providing ample vertical space for storage and operations. Power is readily available with a 400 AMP, 3-phase electrical service. The property includes energy-efficient fluorescent lighting throughout. The building offers convenient access for tenants and goods. One tenant enjoys a private drive-in door and dedicated en suite storage area. Additionally, there's a common dock-high door and a common ramped drive-in door, both servicing three tenants. This well-maintained warehouse is available for occupancy on January 1, 2025, and is situated in Davidson County, Tennessee, zip code 37210. Its strategic location in Nashville offers excellent access to major transportation routes and a thriving business community. This property is ideal for a variety of industrial uses and represents a strong investment prospect in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $704,828

  6.5%

  $650,611

  7%

  $604,139

• Comparable approach

  Method

  Valuation

  Relative Method

  $351,206

  Geo Method

  $351,206

• Alternative Use

  Use

  Valuation

  Residential

  $806,758

  Hospitality

  $738,986

  Educational

  $614,827

  Medical

  $635,972

  Retail

  $956,398

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.1381

Longitude

-86.744

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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