1118 Old Hickory Blvd Nashville, TN 37115
Prime Nashville investment opportunity encompassing three contiguous lots totaling approximately 0.67 acres on East Old Hickory Boulevard, zip code 37115. This exceptional property boasts high visibility frontage and is zoned OR20, permitting office and residential multi-family development (up to 20 units per acre). The existing structures, built in 1955 and 2001, are currently rented on month-to-month leases, providing immediate cash flow. This presents a unique chance to acquire a substantial land parcel in a desirable Davidson County location, ideal for redevelopment or continued rental income. The combined lot size offers significant potential for a variety of mixed-use projects, catering to the growing demand for both residential and commercial spaces in the Nashville area. The properties are being sold as a package, offering a consolidated development opportunity. This is a rare chance to acquire a substantial holding in a thriving market. The asking price for this exceptional property is $875,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.