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3819 Gallatin Pike Nashville, TN 37216

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For Sale
$5,100,000

Portfolio of four properties with 28 units and redevelopment potential.

Property size:
2,364 SF
Lot size:
0.58 Acres

Property Features for 3819 Gallatin Pike

General Information

Standard status
Active
Size
2,364 SF
Lot size
0.58 Acres

Building Details

Year built
1898

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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 Opportunity

This unique property is comprised of four lots totaling 1.74 acres, zoned MUL-A, with 300 feet of frontage. The property, operating as a total of 28 mid and long term rentals, offers excellent potential for new construction, such as townhomes, apartment units, or mixed-use developments. Located close to East Nashville, the property also features a bus stop out front. The property at 3811 Gallatin Pike is currently rented out by the room with shared kitchens and baths, hosting a total of 11 units with the potential for a 12th, along with a laundry facility, tenant grills, and parking. The property at 3813 Gallatin Pike contains four studios, with two in the main building and two in the building behind the main building. There are two studios and five rooms in the main building that need renovating. The property at 3815 Gallatin Pike has four rooms downstairs with a community kitchen, a community room and two bathrooms, and upstairs there is a studio and a one bedroom apartment with a separate entrance. The property at 3819 Gallatin Pike is a yellow house with a smaller building behind the main building. The property has a building size of 2364 square feet.
Location Intelligence

Current Use by Public Records

Multifamily properties

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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City
Nashville
County
Davidson
State
Tennessee
Longitude
-86.7302613
Latitude
36.2154306

FAQs

What type of property is this?
Multifamily property - Portfolio of four properties with 28 units and redevelopment potential.
Where is this multifamily property located?
The property is located at 3819 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.; - **300 feet of prime frontage on Gallatin Pike.**; - Currently operating as 28 mid and long-term rental units.
More about this property
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