2700 Greystone Rd Nashville, TN 37204

This property presents a redevelopment opportunity in Nashville, with potential for a 3–4 story mixed-use development. A preliminary site plan suggests the possibility of constructing 47 residential units along with ground-floor retail space. The site is offered at a total cost of $4,000,000, presenting a strong upside for developers interested in condo sellout or mixed-use rental holdings. The conceptual program outlines approximately 40,280 square feet gross, with around 32,000 rentable square feet for residential use and 8,000–10,000 square feet for retail. The unit mix could include studios, one-bedroom, and two-bedroom formats. The location is in a rapidly growing Nashville submarket characterized by strong demographics, new infill residential developments, and demand for boutique condo/retail offerings. At a base case condo pricing of $575 per square foot, a projected exit of approximately $20 million is anticipated. An upside scenario with pricing between $625 and $650 per square foot could support a 20%+ IRR for equity investors. The property allows for flexible exit strategies, functioning as a condo sellout, boutique multifamily rental, or repositioned mixed-use asset. The property size is 15,681 square feet. Adjacent office at 2702 Greystone is also available for purchase adding an additional 0.26 acres.