520 Lafayette St Nashville, TN 37203
For Sale
1 / 7
This exceptional 0.35-acre commercial land parcel, totaling 15,500 square feet, presents a prime development opportunity in Nashville's vibrant SoBro district. Located at 520 Lafayette St, this property encompasses four parcels (093.10.0.218.00, 093.14.0.463.00, 093.10.0.217.00, and 093.10.0.216.00), offering frontage on both Lafayette Street and Lea Avenue, situated between 5th and 6th Avenues South. The DTC (Downtown Code) zoning allows for a 12-16 story development, perfectly complementing the planned 27-story and 14-story developments on adjacent properties. This location boasts unparalleled proximity to key attractions, including the Music City Center convention center, the Westin hotel, and the 8th Avenue South/Lafayette Street/Korean Veterans Boulevard roundabout, all within three blocks. Convenient access to I-40 entrance/exit ramps is also less than three blocks away. A 2024 appraisal supports the asking price of $7,500,000. A survey and Phase I Environmental Study are available upon request. All information is deemed reliable but not guaranteed.
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Eaton Used Cars Inc Car Dealership
DTC, Downtown Code District. The DTC district is designed for a broad range of residential and non-residential activities associated with an economically healthy, socially vibrant, and sustainable Downtown. Included among the common goals for the DTC district is the efficient use of land capitalizing on a high level of services, reduced reliance on the autom…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
DTC · Nashville, TNDTC, Downtown Code District. The DTC district is designed for a broad range of residential and non-residential activities associated with an economically healthy, socially vibrant, and sustainable Downtown. Included among the common goals for the DTC district is the efficient use of land capitalizing on a high level of services, reduced reliance on the automobile with enhanced usage of mass transit, and the creation of a vibrant and safe pedestrian streetscape. The DTC district is intended to implement the policies of the general plan. The purpose of the DTC district is to provide for and encourage a mix of compatible land uses that provide opportunities to live, work and shop within the neighborhoods of Downtown. In order to create a more sustainable Downtown, the DTC emphasizes regulating the height, bulk and location of a building and the context of the building in relationship to its surroundings or other nearby buildings. H. Shopping Center Districts. Shopping center districts provide retail shopping opportunities within developments that are encouraged to function as planned centers. Designed to implement specific retail and mixed use policies of the general plan, the range of uses and scale are established in accordance with defined market objectives and locational criteria. Property owners are encouraged to plan and develop shopping centers capitalizing on the more flexible design opportunities offered by Article V of
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
