1024-1026 3rd Ave S
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1024-1026 3rd Ave S
5,650 SF Vacant Industrial Building Nashville, TN 37210 £2,622,454 (£464.15/SF)
INVESTMENT HIGHLIGHTS
- Opportunity Zone in Walkable Urban Neigbhorhood
- Metro Nashville ordinance BL2024-187 allows adaptive residential in CS as of 7/19/24
- One building on two parcels - renovate for one, subdivide for two
EXECUTIVE SUMMARY
One building on two parcels in an *Opportunity Zone* in the burgeoning, vibrant Chestnut Hill neighborhood. Staggering amount of investment in area: "Wedgewood Village" is two blocks away and bringing ~1.6M square feet of world class architecture and high profile tenants to their 18.5 acre mixed use campus anchored by SoHo House, Pastis, Herme`s, Nashville Warehouse Company and May Hosiery Mill; "4th & McCann" is a 20-story tower one block to the north; and "New Heights District" is a 20-acre mixed-use business district two blocks away that could be entitled to exceed four million square feet; "The Finery", "Emblem Park" and "Fort Negley Masterplan" are other notable developments nearby. Zoned CS, the 5,650sf property offers two office areas, unconditioned warehouse/ loft with parking in front AND back of building (alley access). See links/ docs for: 3D walkthrough, floorplan, ALTA survey, info on adjacent developments. Contact agent for showing.
PROPERTY FACTS Under Contract
| Price | £2,622,454 | Rentable Building Area | 5,650 SF |
| Price Per SF | £464.15 | Number of Floors | 1 |
| Sale Type | Investment or Owner User | Year Built | 1992 |
| Property Type | Industrial | Parking Ratio | 2.12/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 14 ft |
| Building Class | C | Level Access Doors | 4 |
| Lot Size | 0.35 AC | Opportunity Zone |
Yes
|
| Price | £2,622,454 |
| Price Per SF | £464.15 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.35 AC |
| Rentable Building Area | 5,650 SF |
| Number of Floors | 1 |
| Year Built | 1992 |
| Parking Ratio | 2.12/1,000 SF |
| Clear Ceiling Height | 14 ft |
| Level Access Doors | 4 |
| Opportunity Zone |
Yes |
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £176,874 | |
| Land Assessment | £141,338 | Total Assessment | £318,212 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£141,338
Improvements Assessment
£176,874
Total Assessment
£318,212
ZONING
| Zoning Code | CS (RETAIL, CONSUMER SERVICE, FINANCIAL, RESTAURANT, OFFICE, NEW AUTO SALES, SELF-STORAGE, LIGHT MANUFACTURING AND ADAPTIVE RESIDENTIAL* (*BL2024-187)) |
| CS (RETAIL, CONSUMER SERVICE, FINANCIAL, RESTAURANT, OFFICE, NEW AUTO SALES, SELF-STORAGE, LIGHT MANUFACTURING AND ADAPTIVE RESIDENTIAL* (*BL2024-187)) |
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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1024-1026 3rd Ave S
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