Redevelopment Opportunity
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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
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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Redevelopment Opportunity
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