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Property profile & analytics
OFF-MARKET Estimated value $6,430,000
Bowling alleys

460 Main St Hendersonville, TN 37075-3311

93,579 SF 7.96 ac lot Built 1980
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1347949
Property summary
AI-generated overview

This exceptional 7.96-acre commercial land parcel presents a unique redevelopment opportunity in the thriving Hendersonville, Tennessee market, situated within the Nashville metro area. Located at 460 West Main Street, this pad-ready site boasts approximately 500 feet of frontage along West Main Street, experiencing a high traffic count of approximately 25,427 AADT. The property is zoned GC - General Commercial, allowing for diverse commercial uses including retail, restaurants, medical facilities, and hospitality, with conditional use permits potentially available for self-storage and light industrial applications. While a pre-existing building was damaged and slated for demolition, existing utilities, parking, and stormwater detention systems can be repurposed, significantly reducing development time and costs. This translates to a streamlined construction process, minimizing risk and maximizing return on investment. Hendersonville's robust growth trajectory, evidenced by a current submarket vacancy rate of 1.6% and average rents of $24 per square foot (with a 1.3% increase in the past year), underscores the exceptional potential of this property. The parcel's location, zoning, and infrastructure make it an ideal investment for developers seeking a prime location in a rapidly expanding market. The property's map/parcel number is 160M A 008.01. The site was originally built in 1980. Additional traffic counts are available for New Shackle Island Road at approximately 13,576 AADT.

Property profile
Verified
Property type Bowling alleys
Use group BOWLING ALLEY
Year built 1980
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 93,579 SF
Lot 7.96 ac (346,738 SF)
Zoning code GCS
APN 083160M A 00801
UPID US80-1347949
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
  • Cardtronics ATM Atm
  • ATM Atm
  • Truist ATM Atm
  • Adventure Alley Resort
  • Big Play Entertainment Center Hendersonville Bowling Alley
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.95M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.43M
Owner & transaction history
Big Play Entertainment Tennessee Ll · 3 yrs held
Big Play Entertainment Tennessee Ll
since 2023
Last sale
$5.0M
6 recorded transactions
2023
$5.0M
2017
Price N/A
2011
Price N/A
1994
$200,000
1994
Price N/A
1994
$200,000
Zoning & alternative use
GCS · Hendersonville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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