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513 3rd Ave S 4,726 SF 100% Leased Office Building Nashville, TN 37210 $4,600,000 ($973.34/SF)



Executive Summary
Prime SoBro investment opportunity with immediate upside in one of Nashville’s fastest-growing districts.
This 4,700+ SF fully renovated, two-story office building sits on a 50’ x 160’ parcel and is ideally positioned for strong cash flow and long-term appreciation.
The asset offers maximum flexibility for single-tenant, multi-tenant, or mixed-use strategies, allowing investors to optimize tenancy and increase NOI. Recent renovations minimize near-term capital expenditures, making this a turnkey opportunity in a high-demand submarket.
Located in the heart of SoBro, the property benefits from exceptional connectivity to all major interstates and direct access to Nashville’s core business, entertainment, and tourism hubs. Surrounded by rapid development, corporate expansion, and increasing density, the area continues to drive rental growth and investor demand.
Major institutional development is actively transforming the immediate surroundings.
The adjacent property at 504 4th Ave is approved for a 53-story tower by DAC Development (Chicago), and the site directly across the street is approved for three towers exceeding 30 stories. This level of vertical growth signals significant future density, foot traffic, and long-term value appreciation.
The property includes 24-hour gated and controlled parking, a rare amenity in this urban core, further enhancing tenant appeal and retention.
Positioned for both stable income and outsized future appreciation, this is a strategic acquisition in a rapidly densifying, high-barrier-to-entry market.
This 4,700+ SF fully renovated, two-story office building sits on a 50’ x 160’ parcel and is ideally positioned for strong cash flow and long-term appreciation.
The asset offers maximum flexibility for single-tenant, multi-tenant, or mixed-use strategies, allowing investors to optimize tenancy and increase NOI. Recent renovations minimize near-term capital expenditures, making this a turnkey opportunity in a high-demand submarket.
Located in the heart of SoBro, the property benefits from exceptional connectivity to all major interstates and direct access to Nashville’s core business, entertainment, and tourism hubs. Surrounded by rapid development, corporate expansion, and increasing density, the area continues to drive rental growth and investor demand.
Major institutional development is actively transforming the immediate surroundings.
The adjacent property at 504 4th Ave is approved for a 53-story tower by DAC Development (Chicago), and the site directly across the street is approved for three towers exceeding 30 stories. This level of vertical growth signals significant future density, foot traffic, and long-term value appreciation.
The property includes 24-hour gated and controlled parking, a rare amenity in this urban core, further enhancing tenant appeal and retention.
Positioned for both stable income and outsized future appreciation, this is a strategic acquisition in a rapidly densifying, high-barrier-to-entry market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,726 SF
Building Class
B
Year Built/Renovated
1857/2003
Price
$4,600,000
Price Per SF
$973.34
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,363 SF
Building FAR
0.60
Lot Size
0.18 AC
Zoning
MULTI-ZONE- DTC - DTC IS INTENDED TO PROVIDE FOR AND ENCOURAGE A MIX OF COMPATIBLE LAND USES THAT PROVIDE OPPORTUNITIES IN DOWNTOWN.
Parking
12 Spaces (2.54 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Erase Child Trafficking Inc
- Services
- -
- -
- -
- Manish Patel
- Professional, Scientific, and Technical Services
- -
- -
- -
Since its inception in 1970, Ritzen Group, Inc. (RGI) has successfully concluded over $900,000,000 in real estate transactions including the development and sale of apartment complexes, office/warehouse centers, medical office buildings, surgery centers and diagnostics centers. Over the past 25 years, RGI has earned a reputation for its outstanding commitment to its clients, tenants and partners.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Erase Child Trafficking Inc | Services | - | - | - | ||
| Manish Patel | Professional, Scientific, and Technical Services | - | - | - | ||
|
Real Estate | - | - | - |
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Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 093-10-0-455 | Improvements Assessment | $311,400 |
| Land Assessment | $896,640 | Total Assessment | $1,208,040 |
Property Taxes
Parcel Number
093-10-0-455
Land Assessment
$896,640
Improvements Assessment
$311,400
Total Assessment
$1,208,040
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513 3rd Ave S
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