Berry Hill Mixed-Use
2686 Fessey Ct Nashville, TN 37204
2686 Fessey Ct, Nashville, TN, 37204
$1,800,000
For Sale
$1,800,000
Two adjacent parcels in Nashville's growing creative district.
Property Size4,300 SF
Lot Size0.22 Acres
Price / SF$418.60
Days on Market143
Property Features for 2686 Fessey Ct
General Information
- Standard status
- Active
- Size
- 4,300 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1952
Listing Agency
COMPASS
(615) 383-7914
Listed by
ANDREW TERRELL
Source
Corcoran
Added: Feb 26 Checked: Jul 19 at 4:43 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS
Investment Insights
Based on property information with market context.
Two adjacent parcels totaling 0.45 acres are available in Berry Hill. The properties offer flexible zoning in a growing Nashville neighborhood. One parcel, located at 2689 Fessey Court, features a 3,300 square foot recording studio. The studio was purpose-built for audio production and includes high ceilings, acoustic treatments, and multiple rooms. The other parcel, located at 2686 Fessey Court, contains a 1,000 square foot office/residence. It is currently configured as a live/work space and can be used as an office, residence, or short-term rental. The combined properties total over 4,300 square feet. The location is near restaurants, studios, and downtown. The properties offer redevelopment or owner-user potential in a creative district.
Key Highlights
- 0.45 acres of flexible‑zoned property in Berry Hill
- Combined 4,300 SF: 3,300 SF recording studio + 1,000 SF office/residence
- Prime location near restaurants, studios, and downtown Nashville
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.3k | $21.00 |
| − Vacancy | −$18.5k | −$4.31 |
| EGI | $71.8k | $16.70 |
| − OpEx | −$17.9k | −$4.17 |
| NOI | $53.8k | $12.52 |
4,300 SF · lease $21.00/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$769.2K
$673.0K – $897.4K
NOI $53,841 @ 7.0% cap · market cap 2.99%
Second Best
Mixed Use
$746.4K
$653.1K – $870.8K
NOI $52,245 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.09M
$957.8K – $1.28M
NOI $76,626 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two adjacent parcels in Nashville's growing creative district.
Where is this mixed-use property located?
The property is located at 2686 Fessey Ct Nashville, TN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 0.45 acres of flexible‑zoned property in Berry Hill; Combined 4,300 SF: **3,300 SF recording studio + 1,000 SF office/residence**; Prime location near restaurants, studios, and downtown Nashville
