936 Gallatin Pike - 936 Gallatin Pike (3 Bldgs on 5.79 Acres) CS

HARD TO FIND INDUSTRIAL PROPERTY FOR SALE in Nashville close to downtown. Selling 5 parcels of Land and 30k+ SF FLEX Bldgs FOR SALE at 108 W Webster Street with great access with an Existing Traffic light located at the main entrance at W Webster Street and Gallatin Pike. Property sits on both sides of W. Webster Street.

1. The southside of W Webster has the main offices with a 19,320 SF Warehouse/Office building on 1.54 acres with a large vacant lot (grass). It is the main office. The Main Warehouse/Office has 1 DRIVE-IN rollup door (13’ tall x 16’ wide) and a 1 DOCK DOOR (11.5’tall x12.5’wide). The Clear Height is at least 15’ inside and 16’+ at peak. (Note The office entrance door on the East side of the Main Office Warehouse building used to be a DOCK and was converted to office space, so it can be converted back to a second 2nd dock again if needed.)

2. The northside of West Webster Street is a total of 4.65 acres and is more complicated. It includes two connected older metal buildings SF 5184 SF and 5400 SF (10,584 total) on 1.25 acres with a fenced Rear Yard and portions are located inside the floodplain. Next to that is a former building pad which was demolished on .082 acres which may or may not be located in the floodplain (has not been surveyed). The large lot fronting Gallatin Pike is 2.54 acres and a portion is in the floodplain but a good part of the front area is located in the FloodWay which cannot be developed or used for parking and is fenced off. FloodPlain and FloodWay are different. Floodway is essentially the creekway path and cannot be used, but FloodPlain areas can be used for parking and laydown. The front lot has a billboard which pays $453 per month and a permanent cellphone tower easement. There is an area between the celltower and outside of the floodway on the front that could still be used for parking/laydown for about 20 cars and a large area in the rear already used for outside storage lot. The FloodWay designation is the lowest area and 100-year Floodplain is a little higher and floodPlain areas can be used as parking, floodWay cannot be used.

Note: The Land inside the floodplain area can be used for parking but any vertical development may have additional restrictions by planning.
Note: The 19,320 SF Main Warehouse/Office building is not located in the floodplain, and is 100% above it clear.

Individually, the Seller priced the 19,320 SF Main Warehouse/Office building with 1.5 acres priced at $3,300,000 on the Southside of West Webster Street and 2 buildings and 4.56 acres of land area priced at $1,000,000 on the Northside (Total of $4,300,000 if sold separately); OR priced at $3,950,000 for both sides purchased together.
Prices are Negotiable - make offer (just need price and inspection period days for an offer and I can ask owner)!

I have surveys on the 2.54 acre Front Lot (at 936 Gallatin Pike) and the 1.54 Main office Lot at 100-104 West Webster Street. I do not have surveys for 115 W Webster or 103 W Webster at the very back of the property.

Seller is relocating and properties will be Vacant by August 2024.
Co-Broker fee of 2.5%.

LINK TO INTERIOR PHOTOS OF MAIN WAREHOUSE/OFFICE:
https://www.dropbox.com/sh/0lcie6pc7j8e50h/AABAyz6YcnkeXFlkqVQZCTEYa?dl=0