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OFF-MARKET
Specialty properties

222 Gallatin Pike Nashville, TN 37115

5,600 SF Built 1950
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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