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Listed by Tiffany Burton • Benchmark Realty, LLC
$ 3,995,000
Est. payment | /mo
9,314 SqFt
$ 3,995,000
Est. payment | /mo
9,314 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 9,314 sqft
Price per Sqft $428
MLS Listing ID 3041967
Year Built 1978
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Mixed Use
Property Description
Metro ordinance changes have recently eliminated setbacks and increased unit density limits in The Nations, significantly enhancing development flexibility and investment potential. This property was previously two commercially zoned lots (which have been combined) with 150' of frontage on 51st Ave N, 110' on Michigan Ave, plus alley access, all in one of Nashville's most walkable and high-visibility corridors. Build right up to the sidewalks and up to 3 stories with rooftop decks with the existing zoning, or obtain permits to build higher—ideal for mixed-use, live/work, or multi-family development. Surrounded by successful neighboring projects, including retail storefronts with residential units above along 51st Ave and Centennial Blvd. The sellers have closed their auto body repair business. Property is being sold AS-IS for land and buildings only. No leasing or owner financing offered. Showings by appointment only with the owner present for access. Also known as 5011 Michigan Ave. A rare opportunity in a rapidly transforming neighborhood now open to unprecedented by-right development.
Location
State TN
County Davidson County
Zoning Cs/Uzo
Interior
Fireplace N
Others
Special Listing Condition Standard
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