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Property profile & analytics
FOR SALE
Commercial land

1503 Buchanan St Nashville, TN 37208

9,955 SF Built 1930
Individually Owned
Property ID
US80-3117034
Property summary
AI-generated overview

Situated on a prominent corner lot in Nashville’s thriving Buchanan Arts District, 1503 Buchanan Street presents a rare redevelopment opportunity with nearly 10,000 square feet of space on .66 acres. Currently operating as a funeral home, this property offers unmatched potential for transformation with CS zoning that allows for a wide variety of uses including hospitality, restaurant, boutique retail, multifamily housing, or mixed-use projects. The site’s size, visibility, and accessibility make it ideal for a visionary developer to create a project that blends seamlessly into one of the city’s fastest-growing corridors. Surrounded by a vibrant mix of new construction, creative businesses, and lifestyle destinations, the property is perfectly positioned to capture Nashville’s continued demand for both housing and experiential spaces. With its close proximity to Downtown and Germantown, this parcel offers endless possibilities to reimagine its future and bring an exciting new chapter to Buchanan Street.

Property profile
Verified
Property type Commercial land
Year built 1930
Total area 9,955 SF
UPID US80-3117034
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
Current use
Occupant on record · Public records
  • S A G Funeral Home Social Service Agency
  • sexy lady of southern soul Telecommunications Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Steve Ganaway
Steve Ganaway
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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