Mixed-Use Building with
New
For Sale
$8,875,000
404 Douglas Ave, Nashville, TN 37207
Elevator access and furnished residences accompany a leased ground-floor retail suite with a NNN lease structure.
Property Size16,050 SF
Price / SF$552.96
Days on Market4
Property Features for 404 Douglas Ave
General Information
Standard status
Active
Size
16,050 SF
Total Parking Spaces
23
Elevators
Yes
Property subtype
Residential Income
Zoning
SP
Occupancy
100%
Net Operating Income
$332,857
Space & Availability
Floor
Ground
Furnished
Yes
Site & Location
Neighborhood
East Nashville
Mixed-Use Components
residential, retail
Units
Unit Mix
15 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
16
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,660
Amenities
Accessible Approach with Ramp, Accessible Elevator Installed, Accessible Entrance, Accessible Hallway(s)
Central Air
Central
Alley Access, Concrete
Building Details
Building Size
16,050 SF
Year Built
2020
Stories
3
Tenancy
Single
Listing Agency:
COMPASS
Listed By:
Pete Jones
(615) 881-5529
Source:
Evrealestate
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 7:10AM
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
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Investment Insights
Based on property information with market context.
Built in 2020, this three-story mixed-use property has elevator service and 16 furnished residential units. Fifteen units offer two bedrooms and two bathrooms, averaging approximately 980 square feet each; the remaining unit has three bedrooms, two bathrooms, and 1,300 square feet.
A ground-floor retail suite contains approximately 1,100 square feet and is fully leased under a NNN structure with a renewal option.
A ground-floor retail suite contains approximately 1,100 square feet and is fully leased under a NNN structure with a renewal option.
Key Highlights
- 16 furnished residential units in a three‑story, elevator‑served building
- 15 two‑bedroom, two‑bathroom units averaging approximately 980 square feet
- One three‑bedroom, two‑bathroom unit totaling approximately 1,300 square feet
Property Analytics
Current Use
Lease Details
16
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Explore this area
Business Placement
Demographics for 37207, TN
38,719
Population
18,698
Households
2.1
Avg Household Size
34
Median Age
33%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
2,006
Density / Sq Mi
$60,102
Median Household Income
$38,115
Median Earnings
$1,200
Median Rent
$332,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Elevator access and furnished residences accompany a leased ground-floor retail suite with a NNN lease structure.
Where is this mixed-use property located?
The property is located at 404 Douglas Ave Nashville, TN.
What is the asking price?
The asking price for this property is $8,875,000.
What are key features of this property?
This property features: 16 furnished residential units in a three‑story, elevator‑served building; 15 two‑bedroom, two‑bathroom units averaging approximately 980 square feet; One three‑bedroom, two‑bathroom unit totaling approximately 1,300 square feet
