405 40Th Ave Nashville, TN 37209
- Commercial real estate
- 36,239 SF
- 1.80 lot acres
Current Use by Public Records
- The Reeve / Apartment Complex
- Studio Pilates International Sylvan Park / Pilates Studio
Property Details for 405 40Th Ave
- Year built
- 1952
- Lot size
- 1.80 lot acres
- Property size
- 36,239 SF
- Zone code
- MULTI-ZONE
- Property type
- Commercial real estate
- APN
- 091-12-0-274-00
- APU
- 9112027400
Description
The Reeve, located at 405 40th Avenue N in Davidson County, offers a fantastic opportunity for retail and food & beverage businesses. This mixed-use property boasts a total of 4,931 square feet, currently entirely vacant and ready for immediate occupancy. The space is divisible, with a minimum leasable area of 1,792 square feet and a maximum contiguous space of 3,139 square feet, providing flexibility for various business needs and expansion plans. The property sits on a generous 1.8-acre lot, offering ample space and potential for outdoor seating or additional development. Its prime location in Nashville provides excellent visibility and accessibility, making it an ideal spot to establish or expand a thriving business. The building's versatile layout is perfect for a variety of concepts, from restaurants and cafes to boutiques and specialty shops. This is a rare opportunity to secure a significant retail presence in a desirable Nashville location. The entire 4,931 square feet is available for lease, presenting a unique chance to create a flagship location or a multi-tenant complex. Interested parties are encouraged to inquire for further details and leasing information. Don't miss this chance to secure a prominent space in a vibrant and growing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,700,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,125,000
- 6.5%
- $7,715,000
- 7%
- $6,765,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,260,000
- Geo Method
- $7,505,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,660,000
- Retail
- $7,650,000
- Mixed-Use
- $6,770,000
- Hospitality
- $8,190,000
- Educational
- $7,480,000
- Residential Income
- $8,035,000
- Energy
- $7,315,000
- Income-Based Land
- $8,185,000
- Food Service
- $7,070,000
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.8354
- Latitude
- 36.1534
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
