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401 Broadway
Nashville, TN 37203

Merchants · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
17,713 SF
Building Class
C
Year Built
1892
Tenancy
Single
Building Height
3 Stories
Building FAR
1.49
Lot Size
0.27 AC
Zoning
9
Frontage
54 FT on Broadway Ave

Amenities

  • Signalized Intersection

About 401 Broadway , Nashville, TN 37203

This Merchants Restaurant is located directly on Broadway Street, which has average daily traffic counts of 33,530 vehicles. Intersecting with Broadway, is Interstate-40, which brings in an addition 126,684 vehicles to the immediate area daily. The Merchants property benefits from strong demographics, with over 105,600 people residing within a 3-mile radius of the property, and 225,588 within a 5-mile radius. The foot traffic around the restaurant is also very high with close proximity to the John Seigenthaler Pedestrian Bridge. The subject property is ideally positioned in Nashville’s thriving downtown, know as Lower Broadway. The property benefits from its location on the historic Broadway district. The area is best known for the many music and tourist-related businesses that make the area so unique. Known as Lower Broadway, this portion of Broadway consists of a half-mile strip made up of restaurants, bars, and live music venues. Between the various bars, restaurants, and other notable attractions, the area is without a doubt the most visited tourist attraction in Nashville. The area benefits from close proximity to the city’s largest event venues including Bridgestone Arena, home of the NHL’s Nashville Predators, the 118,675 square foot Nashville Convention Center, the 1.2 million square foot Music City Center, and Nissan Stadium, home to the NFL’s Tennessee Titans. In addition, Vanderbilt University, a private research university located less than two miles from the subject property, has a total enrollment of 12,686 students. Nashville is the capital of the state of Tennessee and the county seat of Davidson County. The city is a center of music, healthcare, publishing, banking, and transportation industries, and it is also home to various colleges and universities. Nashville is known as the “home of country music” and has become a major music and production center. The city also hosts the CMA music festival, a four-day event featuring performances by country music stars that is accompanied with other activities for country music fans. Although Nashville is known for its music, the largest industry is health care. Nashville is home to more than 300 health care companies, including Hospital Corporation of America, the world’s largest private operator of hospitals. Vanderbilt university and Medical Center is the city’s largest employer with more than 23,021 total employees. There are numerous universities and colleges located in Nashville, including: Belmont University, Tennessee State University, Lipscomb University, and Nashville State Community College, which have a total enrollment of 31,524.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
093-06-4-010
Land Assessment
$958,400
Improvements Assessment
$913,080
Total Assessment
$1,871,480
  • Listing ID: 13087854

  • Date on Market: 7/6/2018

  • Last Updated:

  • Address: 401 Broadway, Nashville, TN 37203

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