523 Gallatin Pike Nashville, TN 37115
- Lifestyle centers
- 14,490 SF
- 1.50 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 523 Gallatin Pike
- Year built
- 1942
- Lot size
- 1.50 lot acres
- Property size
- 14,490 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Exceptional redevelopment opportunity in Nashville, TN. This fee-simple 1.5-acre shopping center at 523 Gallatin Pike South, zip code 37115, boasts 14,490 square feet across three single-story buildings. Currently 100% occupied by twelve tenants with a mix of lease terms (mostly 1-3 years), offering immediate cash flow. The property features 290 feet of frontage on Gallatin Pike, a high-traffic thoroughfare in the heart of Madison. Built in 1942, the buildings have undergone various renovations and are well-maintained. The CS-overlay zoning allows for flexibility, presenting significant value-add or redevelopment potential. The asking price is $3,350,000 ($231.19/sq ft). This corner lot presents a rare chance to capitalize on a prime location and strong tenant occupancy. The property includes three commercial buildings and two residential buildings on Harrington, totaling four tax parcels. The residential buildings are zoned OR20. This is a net lease property with no credit rating available for the tenants.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.7138
- Latitude
- 36.2578
