3010 Poston AveNashville, TN 37203

Property Details for 3010 Poston Ave

Year built

1994

Lot size

0.24 AC

Property size (Sq ft)

6,996 SF

Zone code

ORI

Property type

Office properties

Property subtype

Office buildings

APN

104-02-0-412-00

APU

10402041200

Description

This exceptional 7,000 square foot, two-story Class B office building is ideally situated in Nashville's West End, just off West End Avenue near Vanderbilt University. The property boasts a prime location, offering easy access to interstates, downtown Nashville, and Vanderbilt, along with convenient walkability to the area's vibrant retail and dining scene. The building features a high-end buildout with attractive finishes throughout, including private kitchens equipped with stainless steel appliances and private restrooms on each floor. Currently, the second floor is occupied, while the first floor is vacant, presenting a unique opportunity for an owner-user to occupy the first floor or lease it out as an investment property. The 0.24-acre lot includes 16 on-site parking spaces, supplemented by ample on-street parking. A chair lift is conveniently located on the rear entry stairs for accessibility to the second floor. The building is zoned for commercial use and offers a modified lease type within a multi-tenancy structure. This is a rare opportunity to acquire a well-maintained, versatile office building in a highly desirable Nashville location. The asking price is $4,200,000, translating to $600 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $1,208,574

  6.5%

  $1,115,606

  7%

  $1,035,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $602,216

  Geo Method

  $602,216

• Alternative Use

  Use

  Valuation

  Residential

  $1,383,352

  Hospitality

  $1,267,143

  Educational

  $1,054,248

  Medical

  $1,090,505

  Retail

  $1,639,941

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.1452

Longitude

-86.8159

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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