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Pilcher Bldg 144 2nd Ave N 38,684 SF 83% Leased Office Building Nashville, TN 37201 For Sale
INVESTMENT HIGHLIGHTS
- Nashville - one of the most sought after investment markets in the U.S.
- Repositioning and favorable zoning with ability to repurpose the building for other uses
- Income Diversification with Highly Rated Airbnb, Office, and Retail
- Immediately proximate to one of the most iconic entertainment districts in the U.S.
- Value-Add Potential via lease up of vacancy, re-tenanting spaces and increasing short-term rental income
- Recently reconstructed building in the heart of Broadway / 2nd Avenue with limited future deferred maintenance
EXECUTIVE SUMMARY
Pilcher Bldg has a long-standing history in Nashville, originally constructed in 1900, the property has undergone transformative renovations over the century, most recently a completed update 2018. The 38,684 SF building features several opportunities for Investors, with the lower-level space 40%+ below market, and the ability to repurpose the top three floors of the asset. Given the current short term rental use, favorable zoning, and limited lease term remaining coupled with below market rents on the office units, future Owners will have full optionality to future uses of Pilcher Building.
Please reach out to the deal team to learn more about this opportunity.
PROPERTY FACTS
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Open floor plan with towering 13’-16’ foot ceilings with historic timber and brick construction // Walking distance to Ryman Auditorium, Bridgestone Area, Omni Nashville Hotel, The George Jones, AJ’s Good Time Bar, Nissan Stadium, 21c Museum Hotel, Hard Rock Café, among many other incredible restaurants, bars, luxury condos, apartments, hotels, and companies.
| Space | Size | Space Use | Condition | Available |
| 3rd Floor | 4,000-8,662 SF | Office | Full Build-Out | 30 Days |
3rd Floor
| Size |
| 4,000-8,662 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
3rd Floor
| Size | 4,000-8,662 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Open floor plan with towering 13’-16’ foot ceilings with historic timber and brick construction // Walking distance to Ryman Auditorium, Bridgestone Area, Omni Nashville Hotel, The George Jones, AJ’s Good Time Bar, Nissan Stadium, 21c Museum Hotel, Hard Rock Café, among many other incredible restaurants, bars, luxury condos, apartments, hotels, and companies.
PROPERTY TAXES
| Parcel Number | 093-06-2-075 | Improvements Assessment | $3,253,040 |
| Land Assessment | $1,424,640 | Total Assessment | $4,677,680 |
PROPERTY TAXES
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Pilcher Bldg | 144 2nd Ave N
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