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Redevelopment Opportunity

2 Land Properties in Nashville, TN

Investment Highlights

  • Prime location for commercial redevelopment in the SoBro district.
  • Close proximity to several hotels including Tru By Hilton Nashville, Omni Nashville, and AC Hotel by Marriott.
  • Bonus Height
  • Highly walkable to Music City Convention Center, Broadway, and Bridgestone Arena.
  • Located within 3 miles of the new River North Development along the east bank of the Cumberland River.
  • SP Zoning

Executive Summary

Prime commercial property zoned DTC located in the heart of SoBro (South of Broadway). The property currently has two buildings on the parcel that can be razed for redevelopment. The property is within walking distance of the major downtown locations, Music City Convention Center, Broadway, Korean Veterans Boulevard, Country Music Hall of Fame, Ascend Amphitheatre, and Bridgestone Arena. This property totals 0.96 acres and is ideally suited for a major development such as a hotel, multi-family, or mixed-use. This parcel is among the last few available parcels in the SoBro area. This property is well placed on 4th Ave between Peabody street & Lea Ave and is of the primary thoroughfare from Broadway, Korean Veteran Blvd, and Entertainment District with excellent access to interstates 65 and 40. Neighboring development activity includes various multifamily, hospitality, and office projects either under construction or in planning stages. This unique property offers excellent opportunities for various commercial and residential mixed uses.

Property Facts

Sale Conditions
Portfolio Sale
  • Development Sale
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Land Area 0.96 AC

Properties

Property Name / Address Property Type Land AC Land SF Individual Price
504 4th Ave, Nashville, TN 37210 Land 0.61 AC 26,572 SF -
319 Peabody St, Nashville, TN 37210 Land 0.35 AC 15,246 SF -
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  • Listing ID: 24677891

  • Date on Market: 07/12/2021

  • Last Updated:

  • Address: Redevelopment Opportunity, Nashville, TN

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