20 Academy Pl Nashville, TN 37210
- Mixed-use properties
- 2,628 SF
- 0.16 lot acres
Current Use by Public Records
- Hiland Mathes & Urquhart / Personal Injury Attorney
- Mathes Peggy D / Attorney
- Baxter Law Firm / Personal Injury Attorney / Family Law Attorney
Property Details for 20 Academy Pl
- Year built
- 1910
- Lot size
- 0.16 lot acres
- Property size
- 2,628 SF
- Property type
- Mixed-use properties
Description
This exceptional 2,628 square foot mixed-use property at 20 Academy Pl, Nashville, TN, presents a unique development opportunity. Situated on a 0.16-acre lot in the heart of downtown Nashville, this property boasts DTC DOWNTOWN zoning, eliminating the need for parking requirements. The flexible zoning allows for a multitude of uses, including a multi-unit apartment building, a boutique hotel, or even an expansion of the existing restaurant space. The current configuration includes a fully operational restaurant, complete with existing equipment, offering immediate rental income potential or the option for owner-operation. The building's zoning permits construction up to four stories, with potential for additional height through bonus allowances. This translates to unlimited unit potential, maximizing the return on investment. The absence of setbacks allows for building to the full lot line, optimizing space utilization. The property's prime location, within walking distance of the vibrant Broadway entertainment district, ensures high occupancy rates and strong rental demand. This is an unparalleled chance to capitalize on Nashville's thriving real estate market and create a lucrative and impactful development. The asking price is $1,850,000.
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 County, TN
- State
- Tennessee
- Longitude
- -86.7652
- Latitude
- 36.15442
