Property profile

1022 Virginia Ave Nashville, TN 37216

OFF-MARKET
Retail properties & Spaces
Property ID
US80-1775047
2,015 SF 0.13 ac lot Built 1925
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Property summary

AI-generated overview

This exceptional 2,015 square foot mixed-use property, located at 1022 Virginia Ave in Nashville, Tennessee, presents a unique live/work opportunity. Built in 1925 and renovated in 2004, this charming Tudor-style building boasts two stories and offers 100% occupancy. The property features a finished basement currently utilized as a separate unit, adding to its versatility. Zoned SP: Specific Plan District, it allows for a wide range of commercial uses. A significant advantage is the detached two-story garage, complete with electricity and a custom-fenced enclosure with a gate, providing ample storage or workspace. The main floor features two-story skylights from the loft area, enhancing natural light. Currently configured as a live/work space with four bedrooms and two bathrooms, the property is ideally suited for an owner-user seeking a blend of residential comfort and commercial functionality. The property sits on a 0.13-acre lot and is classified as a Class C building. While the property currently utilizes window units for climate control, a new HVAC system is needed. The asking price is $695,000, translating to $344.91 per square foot. The property's APN is 061-11-0-156.00. This redevelopment opportunity in Davidson County, zip code 37216, offers significant potential for a discerning buyer.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1925
Total area 2,015 SF
Lot 0.13 ac (5,663 SF)
UPID US80-1775047

Cap rate & NOI

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

Location

1022 Virginia Ave Nashville, TN 37216
Nashville metro
Google Maps

Value estimations

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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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