Property profile

222 Gallatin Pike Nashville, TN 37115

OFF-MARKET
Specialty properties
5,600 SF Built 1950
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Property summary

AI-generated overview

Exceptional investment opportunity: a vacant, 5,600-square-foot car wash located at 222 Gallatin Pike South, Nashville, TN 37115, in Davidson County. This special purpose property sits on a 0.84-acre lot and features a 150-foot tunnel. The asking price is $1,500,000, translating to $267.86 per square foot. The property, built in 1950, is zoned OV-CDO and is currently vacant due to the owner's personal reasons. However, it could be operational immediately with existing equipment and minimal maintenance. The car wash has operated at this location since the 1960s. This is an "as-is" sale, but the owner is open to exploring lease options or owner financing with suitable financial documentation and guarantees. The property's occupancy date is August 6, 2024. This presents a unique chance to acquire a well-established business in a prime Nashville location. The sale includes the building and land.

Property profile

Verified
Property type Specialty properties
Year built 1950
Total area 5,600 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

222 Gallatin Pike Nashville, TN 37115
Nashville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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