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115 16th Ave S
Nashville, TN 37203
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Walkable to multiple highly-trafficked and amenitized neighborhoods
- Possible opportunity for covered land play for user or investor
- Possibility to significantly increase density
- Incredible Downtown and Midtown views
- Surrounded by several recent and proposed developments
- Flat, nearly square lot
EXECUTIVE SUMMARY
Avison Young is pleased to present an opportunity to acquire a 0.57-acre site within the Nashville’s Midtown submarket. The site is primed for a high-rise development, or the 13,800-sf eclectic building could be adaptively reused for a prestigious and unique covered land play.
The site is within walking distance to a myriad of bustling restaurants, bars, retail, and office and steps away from Vandlerbilt University and the famed Music Row. The Music Row Roundabout serves as a connector to the Gulch, Downtown, West End, and Music Row, each within a one to two minute drive.
Many famed high-end restaurants and restaurant groups from all over the world are flocking to this area including Sean Brock’s restaurant in the 1221 building. Recent news has suggested luxury hospitality including Pendry, St. Regis, and the Ritz Carlton will be nearby, solidifying the growing and increasingly strong profile and growing demographics of this micromarket.
The site is within walking distance to a myriad of bustling restaurants, bars, retail, and office and steps away from Vandlerbilt University and the famed Music Row. The Music Row Roundabout serves as a connector to the Gulch, Downtown, West End, and Music Row, each within a one to two minute drive.
Many famed high-end restaurants and restaurant groups from all over the world are flocking to this area including Sean Brock’s restaurant in the 1221 building. Recent news has suggested luxury hospitality including Pendry, St. Regis, and the Ritz Carlton will be nearby, solidifying the growing and increasingly strong profile and growing demographics of this micromarket.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,704 SF
Building Class
B
Year Built
1958
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.87
Lot Size
0.57 AC
Zoning
CF - Commercial
Parking
45 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
100’ on 16th Ave Ave
PROPERTY TAXES
| Parcel Number | 093-13-0-006 | Improvements Assessment | $401,680 |
| Land Assessment | $3,975,360 | Total Assessment | $4,377,040 |
PROPERTY TAXES
Parcel Number
093-13-0-006
Land Assessment
$3,975,360
Improvements Assessment
$401,680
Total Assessment
$4,377,040
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