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1024-1026 3rd Ave S 5,650 SF Vacant Industrial Building Nashville, TN 37210 $3,400,000 ($601.77/SF)

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INVESTMENT HIGHLIGHTS

Opportunity Zone in Walkable Urban Neigbhorhood
Metro Nashville ordinance BL2024-187 allows adaptive residential in CS as of 7/19/24

One building on two parcels - renovate for one tenant or two

EXECUTIVE SUMMARY

One building on two parcels located one mile south of Downtown Nashville. Zoned Commercial Services (CS) in an Opportunity Zone this property is a blank canvas in the burgeoning Chestnut Hill neighborhood - allowing retail, consumer service, financial, restaurant, office, light manufacturing and small warehouse uses by right. There is a staggering amount of investment in the area:
- Wedgewood Village is two blocks away bringing 1.6 million square feet of world class architecture and high profile tenants to their 18.5 acre mixed use campus anchored by SoHo House, Pastis, Hermes, Nashville Warehouse Company and May Hosiery Mill
- 4th & McCann is a 20-story tower one block to the north
- New Heights District is a 20-acre mixed-use business district two blocks to the northwest that can be entitled to exceed four million square feet
- The Finery, Emblem Park and Fort Negley Masterplan are other notable developments nearby.
Price: $3,400,000
Acreage + Building Size: 0.35 acres / 5,650 sf
Office, Conditioned (Two): 1,500 sf + 500 sf
Warehouse, Unconditioned: 3,650 sf
Storage Loft: 400 sf
Clear Height: 14ft minimum
Sprinklers: No
Grade-Level Doors: 4
Bathrooms: 3
Parking: 11 at street, 8 at alley + loading

1024-1026 3rd Ave S - Brochure

1024-1026 3rd Ave S - Floor Plan

1024-1026 3rd Ave S - Adjacent Development

PROPERTY FACTS

Price	$3,400,000	Rentable Building Area	5,650 SF
Price Per SF	$601.77	No. Stories	1
Sale Type	Investment or Owner User	Year Built	1992
Property Type	Industrial	Parking Ratio	2.12/1,000 SF
Property Subtype	Warehouse Flex Light Manufacturing Industrial Service FlexLight Distribution	Clear Ceiling Height	14’
Building Class	C	No. Drive In / Grade-Level Doors	4
Lot Size	0.35 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CS - RETAIL, CONSUMER SERVICE, FINANCIAL, RESTAURANT, OFFICE, NEW AUTO SALES, SELF-STORAGE, LIGHT MANUFACTURING AND ADAPTIVE RESIDENTIAL* (*BL2024-187)

Price	$3,400,000
Price Per SF	$601.77
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse Flex Light Manufacturing Industrial Service FlexLight Distribution
Building Class	C
Lot Size	0.35 AC
Rentable Building Area	5,650 SF
No. Stories	1
Year Built	1992
Parking Ratio	2.12/1,000 SF
Clear Ceiling Height	14’
No. Drive In / Grade-Level Doors	4
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CS - RETAIL, CONSUMER SERVICE, FINANCIAL, RESTAURANT, OFFICE, NEW AUTO SALES, SELF-STORAGE, LIGHT MANUFACTURING AND ADAPTIVE RESIDENTIAL* (*BL2024-187)