Berry Hill Mixed-Use
2689 Fessey Ct, Nashville, TN 37204
For Sale
Contact for pricing
Two adjacent parcels in Nashville's growing creative district.
Property Size4,300 SF
Lot Size0.45 Acres
Price / SF$418.60
Days on Market261
Property Features for 2689 Fessey Ct
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Listing Agency:
Compass RE.
Listed By:
Andrew Terrell · License TN #314637
(615) 497-6488
Source:
Crexi
Added: Feb 27
Changed: Nov 12
Last Checked: Nov 12 at 8:17AM
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 RE.
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Investment Insights
Based on property information with market context.
Two adjacent parcels totaling 0.45 acres are available in Berry Hill, offering a rare opportunity to own flexible-zoned property. The location is near restaurants, studios, and downtown Nashville. The combined sale includes 2686 and 2689 Fessey Ct, totaling over 4,300 square feet. 2689 Fessey Court features a 3,300 square foot recording studio, purpose-built for audio production with high ceilings, acoustic treatments, and multiple rooms. 2686 Fessey Court includes a 1,000 square foot office/residence, currently configured as a live/work space, which can be used as an office, residence, or short-term rental. The property has excellent redevelopment or owner-user potential and is located in a creative district with strong growth and demand.
Key Highlights
- Prime Berry Hill location in a fast‑growing, creative district near restaurants, studios, and downtown Nashville.
- Two adjacent parcels totaling 0.45 acres with flexible zoning, suitable for developers, owner‑occupants, or investors.
- Combined 4,300 SF of space including a 3,300 SF recording studio and a 1,000 SF office/residence.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,841
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,820
$1.1M
Cap Rate 7%
$769,157
$769.2K
Cap Rate 9%
$598,233
$598.2K
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$90.3K $21.00/SF
− Vacancy
−$18.5K −$4.31/SF
EGI
$71.8K $16.70/SF
− OpEx
−$17.9K −$4.17/SF
NOI
$53.8K $12.52/SF
Area
Nashville, TN
Vacancy
20.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,820
Cap Rate 7%
$769,157
Cap Rate 9%
$598,233
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,744
Businesses Nearby
Explore this area
Business Placement
Demographics for 37204, TN
15,959
Population
8,095
Households
2
Avg Household Size
30
Median Age
77%
College-Educated
96%
High-School Grad
7.3 sq mi
ZIP Area
2,186
Density / Sq Mi
$109,341
Median Household Income
$54,059
Median Earnings
$1,703
Median Rent
$832,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Nashville, TN
Properties on Market for Mixed-use properties in Nashville
Vacancy Rate% for Office in Nashville, TN
Frequently Asked Questions
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 2689 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: Prime Berry Hill location in a fast‑growing, creative district near restaurants, studios, and downtown Nashville.; Two adjacent parcels totaling 0.45 acres with flexible zoning, suitable for developers, owner‑occupants, or investors.; Combined 4,300 SF of space including a **3,300 SF recording studio** and a **1,000 SF office/residence**.
