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Historic Property - Heart of East Nashville 928 Mcferrin Ave

2,830 SF Vacant Office Building Nashville, TN 37206 $1,450,000 ($512/SF)

Investment Highlights

  • Close to Mas Tacos Por Favor, The Pharmacy Burger Parlor, and other restaurants
  • 1,000 SF detached unit could be constructed without rezoning
  • House offers historic bungalow design elements
  • Various office, medical, and short-term rental uses permitted within OR20
  • Rear addition to existing house is possible
  • Located 0.5 miles from Main St and 0.3 miles from Ellington Pkwy

Executive Summary

Set back behind a stone wall, 928 McFerrin Ave is a historic structure in the heart of the Greenwood neighborhood of East Nashville. The house is currently structured as a duplex (4BR/2BA in each unit) with one unit paying $2,050/month and the other paying $1,485/month. It is within walking distance to a variety of East Nashville amenities, 0.5 miles to Main St, and 0.3 miles to Ellington Pkwy. The base zoning is Office and Residential (OR20) which allows for various office, residential, and short-term rental possibilities. Options for additional massing include one, 1,000 SF detached accessory dwelling unit or an addition to the rear of the existing house.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,830 SF
Building Class
C
Year Built
1920
Price
$1,450,000
Price Per SF
$512
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,415 SF
Building FAR
0.13
Lot Size
0.49 AC
Zoning
OR20 - Office and Residential (OR20) – The base zoning is OR20, which is intended for office and/or residential multi-family uses up to 20 dwellings per acre

Amenities

  • Reception
  • Balcony
  • Listing ID: 33982649

  • Date on Market: 11/23/2024

  • Last Updated:

  • Address: 928 Mcferrin Ave, Nashville, TN 37206

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