Former Bank Branch | 3169 Lebanon Pike
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Former Bank Branch 3169 Lebanon Pike
3,848 SF Retail Building Nashville, TN 37214 $2,250,000 ($585/SF)
Executive Summary
Former bank building and outparcel within the Jackson Downs Shopping Center. Jackson Downs is located along Lebanon Pike in the Donelson/Hermitage submarket of Nashville, and 5 miles from the Nashville International Airport. The property consists of 1.05 acres and a vacant 3,894 SF retail bank building with 4 drive thru-lanes. 39 parking spaces are included on the subject parcel. The Jackson Downs shopping center includes retailers such as Target, Marshalls, Office Depot, Dollar Tree, Party City, Burke's, Cato and Famous Footwear. Exterior renovations to the shopping center are currently underway, including a new retail building opening in late 2023 with Starbucks and Sleep Outfitters. The average daily traffic count exceeds 33,000 and the property has multiple points of ingress & egress. The subject property has excellent frontage and visibility on Lebanon Pike. The site is ideal for an owner user and also presents a retail redevelopment opportunity. Current ownership will consider leasing the property.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
3,848 SF
Building Class
C
Year Built
2002
Price
$2,250,000
Price Per SF
$585
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.05 AC
Zoning
CL - Commercial Limited, intended for retail, consumer service, financial, restaurant, and office uses
Parking
39 Spaces (10.14 Spaces per 1,000 SF Leased)
Frontage
62 FT on Lebanon Pike
Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 085-00-0-099 | Improvements Assessment | $407,760 |
| Land Assessment | $274,440 | Total Assessment | $682,200 |
PROPERTY TAXES
Parcel Number
085-00-0-099
Land Assessment
$274,440
Improvements Assessment
$407,760
Total Assessment
$682,200
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Former Bank Branch | 3169 Lebanon Pike
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