Listing Agency: Charles Hawkins Co. Show Phone

Listed By: R. Stephen Prather · License #307427 Show Phone

Source: Moodyscre

Added: Dec 19, 2024 Changed: Jul 6 Last Checked: Jul 21 at 7:03AM

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Investment Insights

Based on property information with market context.

This 2,700-square-foot office space features natural light throughout the premises. The property has been recently renovated and offers exclusive, free parking in the rear. High ceilings and masonry construction are notable features. The location provides walking distance access to Vanderbilt and Belmont Universities, as well as Edgehill Village.

Key Highlights

• Walking distance to Vanderbilt & Belmont Universities, and Edgehill Village
• Exclusive and free parking in the rear of the property
• Recently renovated

Property Analytics

Property Profile

Current Use

The Andrews Agency Advertising Agency Prime Contractor General Contractor Project Renaissance Corporate Office

Suggested Use

Top Pick Building Supply HVAC Service Electrical Service Plumbing Service Auto Repair Shop Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$4.01 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

6,018

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Nashville, TN

$30.24 /SF/Yr

Avg Asking Price

$15–$78.57 /SF/Yr

Price Range

14,910 SF

Avg Space Size

This space is priced 12% below the average of $30.24 /SF/Yr.

Vacancy Rate% for Office in Nashville, TN

10.5% 2019

15.2% 2020

18.5% 2021

19.5% 2022

18.2% 2023

15.4% 2024

16.1% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Recently renovated office space with parking near Vanderbilt and Belmont.

Where is this office units located?

The property is located at 1612 16th Ave S Nashville, TN.

What is the lease rate?

The lease rate is $26.75 SF/Yr.

What are key features of this property?

This property features: Walking distance to Vanderbilt & Belmont Universities, and Edgehill Village; Exclusive and free parking in the rear of the property; Recently renovated