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    520 Lafayette St Nashville, TN 37203

    For Sale
    $7,500,000

    Nashville Commercial Land: 0.35 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 0.35-acre commercial land parcel, totaling 15,500 square feet, presents a prime development opportunity in Nashville's vibrant SoBro district. Located at 520 Lafayette St, this property encompasses four parcels (093.10.0.218.00, 093.14.0.463.00, 093.10.0.217.00, and 093.10.0.216.00), offering frontage on both Lafayette Street and Lea Avenue, situated between 5th and 6th Avenues South. The DTC (Downtown Code) zoning allows for a 12-16 story development, perfectly complementing the planned 27-story and 14-story developments on adjacent properties. This location boasts unparalleled proximity to key attractions, including the Music City Center convention center, the Westin hotel, and the 8th Avenue South/Lafayette Street/Korean Veterans Boulevard roundabout, all within three blocks. Convenient access to I-40 entrance/exit ramps is also less than three blocks away. A 2024 appraisal supports the asking price of $7,500,000. A survey and Phase I Environmental Study are available upon request. All information is deemed reliable but not guaranteed.

    Property Features for 520 Lafayette St

    General Information

    Property type
    Land
    Lot Size
    15,246 SF

    HighLights

    • Prime 0.35‑acre development site in Nashville's SoBro district.
    • 15,500 square foot lot, comprised of four parcels.
    • Adjacent to planned 27‑story and 14‑story developments.
    • Survey and Phase I Environmental Study available.
    • 2024 appraisal supports $7,500,000 asking price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eaton Used Cars ... Used Car Dealer

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.77499828449
    Latitude
    36.153143273573

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    FAQs

    What type of property is this?
    Land - Nashville Commercial Land: 0.35 Acres
    Where is this land located?
    The property is located at 520 Lafayette St Nashville, TN.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: Prime 0.35-acre development site in Nashville's SoBro district.; 15,500 square foot lot, comprised of four parcels.; Adjacent to planned 27-story and 14-story developments.
    Request Owner's contact information
    520 Lafayette St Nashville, TN 37203
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    Nashville, TN 37203
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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
    520 Lafayette St Nashville, TN 37203
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