Modern Mixed-Use Building in
For Sale
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6117 Centennial Blvd, Nashville, TN 37209
8,354 SF mixed-use property in Nashville's thriving Nations neighborhood.
Property Size8,354 SF
Price / SF$400
Days on Market207
Property Features for 6117 Centennial Blvd
General Information
Standard status
Active
Size
8,354 SF
Property subtype
Office, Retail
Zoning
MUL-A
Occupancy
21%
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$63,835
Building Details
Year Built
2019
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Stride Commercial Real Estate
Listed By:
Matt Cooper · License #267123
Source:
Crexi
Added: Mar 16
Changed: Oct 6
Last Checked: Oct 7 at 11:19AM
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 Stride Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in The Nations, a thriving Nashville neighborhood, 6117 CENTENNIAL BLVD is a modern, two-story property featuring 8,354 square feet. The building offers 5,766 square feet of available office and retail space across two levels. The property is move-in ready and includes contemporary finishes, large windows, and a rooftop patio. The location's MUL-A zoning permits versatile use, from offices to restaurants. The property benefits from strong street frontage and prominent building signage on Centennial Blvd, surrounded by a vibrant mix of eateries, shops, and creative businesses. The property is suitable for investors and owner-occupiers looking for income potential in a high-growth area. Partial income is generated from current tenants on the first floor. Immediate availability makes 6117 Centennial Blvd. an attractive investment or leasing opportunity in Nashville’s dynamic market.
Key Highlights
- Prime location in The Nations, a rapidly growing Nashville neighborhood.
- Versatile MUL‑A zoning allows for a wide range of uses (office, retail, restaurant).
- Move‑in ready, modern building with contemporary finishes and large windows.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,651
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,233,020
$2.2M
Cap Rate 7%
$1,595,014
$1.6M
Cap Rate 9%
$1,240,567
$1.2M
Market Conditions
NOI Build-Up for 8,354 SF
Gross rent
$180.4K $21.60/SF
− Vacancy
−$31.6K −$3.78/SF
EGI
$148.9K $17.82/SF
− OpEx
−$37.2K −$4.46/SF
NOI
$111.7K $13.37/SF
Area
ZIP 37209
Vacancy
17.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,233,020
Cap Rate 7%
$1,595,014
Cap Rate 9%
$1,240,567
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.86M
NOI $111,651 @ 7.0% cap · market cap 3.34%
Second Best
Retail
$1.38M
$1.20M – $1.61M
NOI $96,313 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$2.16M
$1.89M – $2.51M
NOI $150,853 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 37209, TN
40,498
Population
21,421
Households
1.9
Avg Household Size
32
Median Age
57%
College-Educated
92%
High-School Grad
33.6 sq mi
ZIP Area
1,205
Density / Sq Mi
$75,810
Median Household Income
$48,965
Median Earnings
$1,580
Median Rent
$495,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Nashville, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 8,354 SF mixed-use property in Nashville's thriving Nations neighborhood.
Where is this mixed-use property located?
The property is located at 6117 Centennial Blvd Nashville, TN.
What is the asking price?
The asking price for this property is $3,341,600.
What are key features of this property?
This property features: Prime location in The Nations, a rapidly growing Nashville neighborhood.; Versatile MUL‑A zoning allows for a wide range of uses (office, retail, restaurant).; Move‑in ready, modern building with contemporary finishes and large windows.
