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3813 Gallatin Pike Nashville, TN 37216

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For Sale
$5,100,000

Four-lot package with 28 units, development potential in East Nashville.

Lot size:
0.29 Acres

Property Features for 3813 Gallatin Pike

General Information

Standard status
Active
Lot size
0.29 Acres

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Listing Contact
Wyatt Wallace
Source: Corcoran

Listing Agency: OYSTER REAL ESTATE ADVISORS Listing Agent: Wyatt Wallace

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Gallatin Pike Multifamily Investment

This unique property consists of four lots totaling 1.74 acres with MUL-A zoning and 300 feet of frontage on Gallatin Pike. The property, located close to East Nashville, is currently operating as 28 mid- and long-term rentals. 3811 Gallatin Pike is currently renting out by the room with shared kitchens and baths, this medium-term rental building hosts a total of 11 units with the potential for a 12th, along with a laundry facility, tenant grills, and parking. 3813 Gallatin Pike has 4 studios – 2 in the main building and 2 in the building behind the main building. There are 2 studios and 5 rooms in the main building that need renovating and are not in inventory. 3815 Gallatin Pike has 4 rooms downstairs with a community kitchen, a community room and 2 bathrooms, and upstairs there is a studio and a one bedroom apartment. The upstairs units have a separate entrance. 3819 Gallatin Pike is a Yellow House with a smaller building behind the main. The location offers excellent potential for new construction, such as townhomes, apartment units, or mixed-use developments. A bus stop is located out front.
Location Intelligence

Current Use by Public Records

Life and Limb Tree ... Landscaping

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

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  • Local Demand
City
Nashville
County
Davidson
State
Tennessee
Longitude
-86.7304855
Latitude
36.2151189

FAQs

What type of property is this?
Multifamily property - Four-lot package with 28 units, development potential in East Nashville.
Where is this multifamily property located?
The property is located at 3813 Gallatin Pike Nashville, TN.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: - Package of 4 lots totaling 1.74 acres with MUL-A zoning, offering diverse development potential.; - Boasts 300 feet of prime frontage on Gallatin Pike.; - Currently operating as 28 mid and long-term rentals, providing immediate income.
More about this property
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