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Retail Building
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423 Broadway, Nashville, TN 37203

Commercial building along a heavily traveled pedestrian corridor in Nashville’s Lower Broadway district.

Property Size9,200 SF
Lot Size0.05 Acres
Days on Market9

Property Features for 423 Broadway

General Information

Standard status Active
Size 9,200 SF
Lot size 0.05 Acres
Property subtype Retail

Additional Details

Land Use commercial

Building Details

Buildings 1
Listed By: Paul Gaither
Source: Cbre
Added: Sep 16 Last Checked: Sep 24 at 9:36AM

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 Paul Gaither

Investment Insights

Based on property information with market context.

This retail property includes an approximately 9,200-square-foot commercial building on approximately 0.050 acres. The asset is positioned for high-density commercial or redevelopment uses, as described in the property information.

Located at 423 Broadway in Nashville’s Lower Broadway district, the property fronts one of the Southeast’s busiest pedestrian corridors. The surrounding area includes national hospitality concepts, live music venues, boutique hotels, and destination-oriented retail. The district is also identified as Honky Tonk Highway, providing a dense entertainment and visitor-oriented commercial setting.

Key Highlights

  • Approximately 9,200 SF commercial building
  • Approximately 0.050 acres
  • Located at 423 Broadway, Nashville, TN 37203

Property Analytics

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Current Use

Mellow Mushroom Restaurant

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Veterinary Clinic Mobile Phone Store Clothing & Fashion Store Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,758
Businesses Nearby
237k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 79% Dining 11% Shops & Services 7% Apparel 3%
Renaissance Nashville Hotel Hotels & Casinos
33,535 visits/mo 0.2 miles
Embassy Suites By Hilton Nashville Downtown Hotels & Casinos
28,029 visits/mo 0.2 miles
Hyatt Place Nashville Downtown Hotels & Casinos
16,975 visits/mo 0.2 miles
Shell Shops & Services
16,600 visits/mo 0.5 miles
Holiday Inn & Suites Nashville Downtown - Broadway, an IHG Hotel Hotels & Casinos
15,444 visits/mo 0.3 miles

Demographics for 37203, TN

20,429
Population
16,422
Households
1.2
Avg Household Size
30
Median Age
67%
College-Educated
93%
High-School Grad
4.2 sq mi
ZIP Area
4,864
Density / Sq Mi
$69,671
Median Household Income
$55,399
Median Earnings
$1,881
Median Rent
$519,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Nashville, TN

4% 2019
5.4% 2020
3.8% 2021
2.6% 2022
2.1% 2023
2.4% 2024
3.7% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Commercial building along a heavily traveled pedestrian corridor in Nashville’s Lower Broadway district.
Where is this retail space located?
The property is located at 423 Broadway Nashville, TN.
What are key features of this property?
This property features: Approximately 9,200 SF commercial building; Approximately 0.050 acres; Located at 423 Broadway, Nashville, TN 37203
More about this property
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