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Studio 154 Luxury Hotel 154 2nd Ave N 34 Room Hotel Nashville, TN 37201 For Sale
Investment Highlights
- Unique Large Format Building Acquisition: The property is larger than most in the historic district featuring over 46,000 square feet on five levels.
- Access to Nashville’s 27 million annual core visits: The location sits in the heart of the burgeoning entertainment district that has world-wide draw.
- Value-Add Opportunity: Two additional floors can be added to the top of the property creating state-of-the-art venues with unsurpassed views.
- Trophy Location: 154 2nd Ave North sits directly at the primary intersection with Commerce Street just one block north of Broadway.
- Rare First Floor Vacancy: The vacant first floor is over 10,000 SF and provides a rare opportunity for a new signature concept.
- Gentrification Advantage: Almost $40 million in public investments have been spent to revitalize 2nd Ave in recent years.
Executive Summary
154 2nd Avenue North is a 46,000+ SF fully redeveloped hospitality asset in the heart of downtown Nashville’s tourist district. It features more than 10,000 SF of vacant first floor fully built-out F&B space, a thriving 34-key boutique hotel, an activated rooftop Skydeck, and basement lease with Coyote Ugly Saloon. The rare opportunity provides for a flagship hospitality operation along the newly revitalized 2nd Avenue streetscape. The entire property is fully built-out with infrastructure in place allowing for immediate repositioning and lease-up.
The property’s second and third floors are fully redeveloped and have operated as Studio 154 Luxury Lofts in recent years. This high-end boutique hotel features digital check-in, a rooftop Skydeck with F&B service space overlooking the Cumberland River, and loft-style suites with kitchenettes. It has 34 suites and can accommodate up to 127 guests. Engineering studies show that two additional vertical floors can be added to the property creating a truly unique destination blending the entire building into a world class hospitality operation.
The property’s second and third floors are fully redeveloped and have operated as Studio 154 Luxury Lofts in recent years. This high-end boutique hotel features digital check-in, a rooftop Skydeck with F&B service space overlooking the Cumberland River, and loft-style suites with kitchenettes. It has 34 suites and can accommodate up to 127 guests. Engineering studies show that two additional vertical floors can be added to the property creating a truly unique destination blending the entire building into a world class hospitality operation.
Property Facts
| Sale Type | Investment | Building Size | 46,000 SF |
| Property Type | Hospitality | No. Rooms | 34 |
| Property Subtype | Hotel | No. Stories | 3 |
| Building Class | A | Year Built/Renovated | 2019/2022 |
| Lot Size | 0.29 AC | Corridor | Interior |
| Zoning | DTC | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | A |
| Lot Size | 0.29 AC |
| Building Size | 46,000 SF |
| No. Rooms | 34 |
| No. Stories | 3 |
| Year Built/Renovated | 2019/2022 |
| Corridor | Interior |
| Zoning | DTC |
Amenities
- Balcony
- High Speed Internet Access
- Patio
- On-Site Bar
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Fully-Equipped Kitchen
- Multi-Room Suites
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 34 | $711.00 | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 093-06-2-071 | Improvements Assessment | $4,212,560 |
| Land Assessment | $3,902,480 | Total Assessment | $8,115,040 |
Property Taxes
Parcel Number
093-06-2-071
Land Assessment
$3,902,480
Improvements Assessment
$4,212,560
Total Assessment
$8,115,040
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