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    218 3rd Ave N Nashville, TN 37201

    Sponsored
    Source: https://www.intero.com
    For Sale
    $11,900,000

    +-20,000 SF Across 4 Floors, Including a Basement Level

    Property size:
    20,000 SF

    Description

    Added:
    Jun 2, 2025
    Days on Market:
    218
    Berkshire Hathaway, Woodmont Realty, is pleased to exclusively offer the opportunity to acquire 218 3rd Avenue North, located in the heart of downtown Nashville, Tennessee. This prime property encompasses approximately 20,000 square feet across four floors, including a basement level.The street-level retail space is currently leased to The Black Rabbit, a locally owned restaurant renowned for its small plates and craft cocktails. The second and third floors feature furnished lofts with high-end interiors, designed by Kathy Anderson of Anderson Design, offering a modern, luxurious living experience.The fourth floor is ready for build-out, with approved plans and permits in place, allowing the prospective buyer to add an additional floor and a rooftop deck. Additionally, the property conveys six stories of coveted air rights, in accordance with Davidson County’s downtown building regulations.

    Property Features for 218 3rd Ave N

    General Information

    Property type
    Other retail properties
    Square Feet
    20,000 SF
    Price / Square Foot
    $595
    Elevators
    N/A

    Building Details

    Year Built
    1890
    Buildings
    1
    Stories
    4
    Location Intelligence

    Current Use by Public Records

    Black Rabbit Restaurant Riverbirch Nashville Llc Home Builder Shane and Raychle Photography Wedding Photographer

    Suggested Use

    Dental Office Spa & Massage Hair Salon Nail Salon Realty agency Daycare Center Building Supply Skin Care Clinic Pharmacy Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    State
    Tennessee
    Longitude
    -86.7814304
    Latitude
    36.1699681

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    FAQs

    What type of property is this?
    Other retail property - +-20,000 SF Across 4 Floors, Including a Basement Level
    Where is this other retail property located?
    The property is located at 218 3rd Ave N Nashville, TN.
    What is the asking price?
    The asking price for this property is $11,900,000.
    (408) 342-8696
    Request Owner's contact information
    218 3rd Ave N Nashville, TN 37201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    218 3rd Ave N Nashville, TN 37201
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