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    908 Meridian St Nashville, TN 37207

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    For Sale
    Contact for pricing

    4,000 SF Vacant Building, Redevelopment Opportunity

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,000 square foot, two-story building presents a unique redevelopment opportunity in Nashville, Tennessee. Situated on a 1.7-acre lot at 908 Meridian Street, in Davidson County, zip code 37207, this vacant property offers significant potential for a variety of commercial uses. Built in 1844, the McGavock House boasts a rich history and is located in a walkable, historic neighborhood. The permitted zoning is SP (UZO, HPL), allowing for flexible development plans. The property's prime location provides convenient access to both downtown Nashville and Interstate 24, ensuring high visibility and accessibility. Potential uses include a restaurant, bed and breakfast, office space, or a mixed-use development. The redevelopment goals include preserving the historic structure, the open space, and the historic wall along Meridian Street, while also providing adequate parking and loading facilities. This is a rare chance to acquire a piece of Nashville's history and transform it into a thriving commercial enterprise. The property includes one building with 908 keys. Currently, the Net Operating Income (NOI) and Pro-Forma NOI are $0. This is a vacant property, offering a blank canvas for your vision. The property's location near Nashville's burgeoning East Bank developments further enhances its investment appeal.

    Property Features for 908 Meridian St

    General Information

    Property type
    Restaurants
    Square Feet
    4,000 SF

    Building Details

    Year Built
    1844
    Buildings
    1
    Stories
    2

    HighLights

    • Excellent adaptive reuse opportunity for restaurant, B&B, office, or similar use.
    • Project goals include complete McGavock House restoration.
    • Maintain existing open space buffer between the house and Meridian Street.
    • Preserve historic Meridian Street retaining wall.
    • Ample parking and loading areas to support new commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    McGavock House Historical Landmark

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.767958886165
    Latitude
    36.187646871802

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    FAQs

    What type of property is this?
    Restaurant - 4,000 SF Vacant Building, Redevelopment Opportunity
    Where is this restaurant located?
    The property is located at 908 Meridian St Nashville, TN.
    What are key features of this property?
    This property features: Excellent adaptive reuse opportunity for restaurant, B&B, office, or similar use.; Project goals include complete McGavock House restoration.; Maintain existing open space buffer between the house and Meridian Street.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    908 Meridian St Nashville, TN 37207
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