NEW LISTING!! 2206 8th Ave S
3,800 SF 75% Leased Retail Building Nashville, TN 37204 $2,100,000 ($553/SF)
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INVESTMENT HIGHLIGHTS
- LOCATED IN THE PATH OF DEVELOPMENT
EXECUTIVE SUMMARY
New Listing! Located on 8th Avenue South in a high traffic commercial corridor that parallels I-65. Close to downtown Nashville, Vanderbilt University, Belmont University and Music Row. Across the street from Publix grocery store, close to Zanie's comedy club. Dunkin Donuts and Starbuck's are building new stores between this property and Wedgewood Ave. Current commercial tenant is Urban Juicer. PLEASE DO NOT DISTURB THE TENANT. ALL PROPERTY TOURS NEED TO BE SCHEDULED. Lease expires 12.31.25. Tenant has expressed an interest in renewing. The second floor has a furnished apartment that is currently vacant and could provide additional income. Attention developers! The property across the street has been approved for 16 story, 120 unit multifamily development. We believe this is the next hot retail corridor for Nashville as it is sandwiched between 12 South and Wedgewood-Houston.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$99,999
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$9.99
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$99,999
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$9.99
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Taxes |
-
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-
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Operating Expenses |
-
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-
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Total Expenses |
$99,999
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$9.99
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Net Operating Income |
$99,999
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$9.99
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PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,800 SF
Building Class
C
Year Built
1920
Price
$2,100,000
Price Per SF
$553
Percent Leased
75%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.38
Lot Size
0.23 AC
Zoning
CS - Commercial Retail- store- shop
Parking
5 Spaces (1.32 Spaces per 1,000 SF Leased)
Frontage
59 FT on 8th Ave
AMENITIES
- Pylon Sign
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 105-14-0-080 | Improvements Assessment | $115,760 (2024) |
Land Assessment | $320,600 (2024) | Total Assessment | $436,360 (2024) |