218 3rd Ave Nb Nashville, TN 37201-1624

Property Details for 218 3rd Ave Nb

Year built

1890

Lot size

0.10 lot acres

Property size

4,212 SF

Zone code

MULTI-ZONE

Property type

Office buildings

APN

093-02-3F-900-00

APU

093023F90000

Description

This exceptional 20,000-square-foot multi-use building, constructed in 1890 and renovated in 2017, presents a rare investment opportunity in Nashville's vibrant Printers Alley district. The property boasts a prime location at 218 3rd Ave N, in the heart of the historic district, and features four floors plus a basement. The ground floor houses a thriving, established tenant, a prestigious cocktail bar occupying both the interior space and an outdoor seating area in a pedestrian alley. The second and third floors are currently configured as high-end, luxurious short-term rentals (STRs), capitalizing on Nashville's robust tourism market. These floors feature upgraded mechanical systems and sophisticated interiors. The fourth floor offers significant upside potential; approved plans and permits are in place for build-out, including the addition of a rooftop deck. Zoned MUIA within the Downtown Code, this property allows for a variety of commercial and residential uses, providing flexibility for future development and maximizing investment returns. This is a unique chance to acquire a piece of Nashville history with substantial income potential and significant room for growth. The property's rich history, combined with its modern updates and prime location, makes it an exceptional investment opportunity in one of the fastest-growing cities in the United States.

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Longitude

-86.778

Latitude

36.165

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments