2007 Old Hickory Blvd Nashville, TN 37215
- Retail properties
- 1,314 SF
Current Use by Public Records
- Retail properties
Property Details for 2007 Old Hickory Blvd
- Year built
- 1924
- Property size
- 1,314 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 1,314 square foot storefront, located at 2007 Old Hickory Blvd in Forest Hills, Tennessee (zip code 37215 and 37138), presents a lucrative investment opportunity. Currently operating as a thriving barbershop for over a decade with 100% occupancy, this property boasts four barber chairs and ample space for expansion, accommodating up to eight stations. The building, constructed in 1924 and renovated in 2017, sits on a 1,743 square foot lot and is classified as a Class C property. The asking price is $330,000, translating to $251.14 per square foot. With a pro-forma NOI of $36,000, this owner-user redevelopment opportunity offers a compelling pro-forma cap rate of 10.91%. The property is zoned Mixed-Use Limited, allowing for a diverse range of uses including residential, retail, restaurant, and office spaces. This fee-simple ownership provides complete control and potential for significant future growth. The property's strong performance history and flexible zoning make it an ideal investment for both seasoned and aspiring entrepreneurs. All interested parties are responsible for verifying all information. Do not disturb the current business.
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
- -86.6421
- Latitude
- 36.2485
