2702 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 location is in a rapidly growing Nashville submarket characterized by strong demographics, new infill residential developments, and demand for boutique condo and retail offerings. The site is offered at a total cost of $4,000,000. The conceptual program allows for approximately 40,280 square feet gross, including around 32,000 rentable square feet for residential use and approximately 8,000–10,000 square feet for retail purposes. The unit mix could include studios, one-bedroom, and two-bedroom formats. On-site parking includes 40 spaces, with the potential to secure additional leased parking nearby for higher density options. The existing single-tenant office provides interim income, and a profit and loss statement is available. At a base case condo pricing of $575 per square foot, the projected exit is around $20 million. An upside scenario with pricing at $625–650 per square foot supports a 20%+ IRR for equity investors. Flexible exit strategies include condo sellout, boutique multifamily rental, or repositioned mixed-use asset. Adjacent land at 2700 Greystone is also available for purchase, adding an additional 0.35 acres.