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1122-1126 3rd Ave S
Nashville, TN 37210
Layman Drug Company Mixed Use Site · Land For Sale
·
0.37 AC
Investment Highlights
- ±0.38-acre assembled infill site with 125' of frontage on 3rd Ave S
Executive Summary
Development-ready infill parcel in Chestnut Hill, on the 3rd Avenue South corridor between SoBro and Wedgewood-Houston — two of Nashville's fastest-evolving urban submarkets. The property's MUL-A (NS) zoning and 16,625 SF size support a broad range of by-right development scenarios, including:
10-12 unit luxury townhome project (4-level stick build with tuck-under parking)
Mixed-use mid-rise with ground-floor retail and 30-40 residential units
Boutique or extended-stay hospitality concept
Ground-floor restaurant/retail under long-term ground lease or build-to-suit
Hold-and-entitle strategy targeting higher-density mid-rise via SP rezoning
Within a 10-minute walk: Music City Center, Bridgestone Arena, Nissan Stadium, GEODIS Park, Cumberland Park riverfront, and Lower Broadway. The site is positioned to benefit from several transformative projects coming online over the next 24-36 months, including the planned Wedgewood Village mixed-use development (announced 1.6M SF anchored by a major live-entertainment venue), continued buildout of Oracle's Nashville Riverfront campus, and ongoing residential and hospitality investment along 3rd Ave S.
10-12 unit luxury townhome project (4-level stick build with tuck-under parking)
Mixed-use mid-rise with ground-floor retail and 30-40 residential units
Boutique or extended-stay hospitality concept
Ground-floor restaurant/retail under long-term ground lease or build-to-suit
Hold-and-entitle strategy targeting higher-density mid-rise via SP rezoning
Within a 10-minute walk: Music City Center, Bridgestone Arena, Nissan Stadium, GEODIS Park, Cumberland Park riverfront, and Lower Broadway. The site is positioned to benefit from several transformative projects coming online over the next 24-36 months, including the planned Wedgewood Village mixed-use development (announced 1.6M SF anchored by a major live-entertainment venue), continued buildout of Oracle's Nashville Riverfront campus, and ongoing residential and hospitality investment along 3rd Ave S.
Property Facts
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 0.37 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | MUL-A-NS - Mixed Used Limited - Alternative, with Neighborhood Services overlay. | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.37 AC |
| Opportunity Zone |
Yes |
| Zoning | MUL-A-NS - Mixed Used Limited - Alternative, with Neighborhood Services overlay. |
1 Lot Available
Lot
| Lot Size | 0.37 AC |
| Lot Size | 0.37 AC |
Three-parcel assembled development site at 1122, 1124, and 1126 3rd Avenue South — approximately 16,625 SF (0.38 acres) total. The site offers ±125 feet of frontage along 3rd Avenue South with a depth of ±133 feet, producing a regular rectangular con
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $637,040 | Total Assessment | $637,040 |
Property Taxes
Parcel Numbers
Land Assessment
$637,040
Improvements Assessment
$0
Total Assessment
$637,040
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