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1811 Division St 5,400 SF 30% Leased Retail Building Nashville, TN 37203 $4,350,000 ($805.56/SF)



Investment Highlights
- • ±5,400 SF retail building in prime Midtown location
- • ±3,800 SF two-story space with existing bar/lounge buildout potential
- • Immediate income with value-add and redevelopment upside
- • ±1,518 SF leased to established tenant (The Baked Bear)
- • High-traffic corridor with strong pedestrian and vehicle exposure
Executive Summary
Positioned in the heart of Midtown Nashville, 1811 Division Street presents a rare opportunity to acquire a high-visibility retail asset in one of the city’s most dynamic entertainment corridors. The property sits in a high-traffic area with strong pedestrian and vehicle visibility, surrounded by established restaurants, bars, and retail.
The building totals approximately 5,400 square feet and includes an existing tenant, The Baked Bear, occupying 1,518 square feet. The remaining ±3,800 SF spans two stories and is partially built out for a high-end cocktail bar or lounge concept, with permitted plans in place—offering a streamlined path to completion or repositioning.
Zoned MUI-A, the site allows for a wide range of commercial uses and offers significant long-term upside through vertical redevelopment potential of up to 15 stories. Permitted plans are already in place, making this a compelling opportunity for investors seeking both current cash flow and future value creation.
Midtown continues to experience strong population and income growth, driven by its proximity to downtown Nashville and its reputation as a premier destination for dining, entertainment, and urban living. With a young, affluent demographic and consistent foot traffic, the area provides an ideal environment for retail and hospitality concepts to thrive.
The building totals approximately 5,400 square feet and includes an existing tenant, The Baked Bear, occupying 1,518 square feet. The remaining ±3,800 SF spans two stories and is partially built out for a high-end cocktail bar or lounge concept, with permitted plans in place—offering a streamlined path to completion or repositioning.
Zoned MUI-A, the site allows for a wide range of commercial uses and offers significant long-term upside through vertical redevelopment potential of up to 15 stories. Permitted plans are already in place, making this a compelling opportunity for investors seeking both current cash flow and future value creation.
Midtown continues to experience strong population and income growth, driven by its proximity to downtown Nashville and its reputation as a premier destination for dining, entertainment, and urban living. With a young, affluent demographic and consistent foot traffic, the area provides an ideal environment for retail and hospitality concepts to thrive.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$310,364
|
$57.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$310,364
|
$57.47
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $310,364 |
| Annual Per SF | $57.47 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $310,364 |
| Annual Per SF | $57.47 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,400 SF
Building Class
C
Year Built
1910
Price
$4,350,000
Price Per SF
$805.56
Percent Leased
30%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.95
Lot Size
0.13 AC
Zoning
MUI-A - (Mixed Use Intensive, intended for a high intensity mixture of residential, retail, and office uses)
Frontage
139’ on Division St
Amenities
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Baked Bear
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Baked Bear | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The available space spans two levels and is partially built out, with plans in place for a cocktail bar or lounge. The layout and existing improvements allow for a faster buildout, while still providing flexibility for a range of retail or hospitality concepts.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,800 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 3,800 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 3,800 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
The available space spans two levels and is partially built out, with plans in place for a cocktail bar or lounge. The layout and existing improvements allow for a faster buildout, while still providing flexibility for a range of retail or hospitality concepts.
Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 092-16-0-297 | Improvements Assessment | $674,920 (2025) |
| Land Assessment | $906,080 (2025) | Total Assessment | $1,581,000 (2025) |
Property Taxes
Parcel Number
092-16-0-297
Land Assessment
$906,080 (2025)
Improvements Assessment
$674,920 (2025)
Total Assessment
$1,581,000 (2025)
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1811 Division St
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