937 Allen Rd Nashville, TN 37214
This exceptional mixed-use property in Nashville, TN, presents a compelling redevelopment opportunity. Encompassing two buildings situated on a substantial 2.65-acre lot, this offering includes a 9,600-11,400 square foot multi-story brick building and a separate 1,800 square foot brick house with an attached garage. Currently utilized as a church with multiple classrooms, large open rooms, restrooms, and a commercial kitchen, the property offers significant versatility. The two parcels, located at 937 Allen Rd and 2811 Patriot Way, are being sold together. The property benefits from multiple zoning possibilities, including OR and OV-Air designations, allowing for diverse development options. The existing church occupant will require up to six months post-closing to vacate, details of which are negotiable upon offer acceptance. The church board's approval is required for all contracts, necessitating additional processing time. The asking price is $3,500,000. This is a Class B property with two units and is classified as a mixed-use, multifamily, office, and special purpose investment, suitable for owner-users seeking redevelopment potential. The property is conveniently located in Donelson, near the Nashville Airport. Note that the church building will not be sold separately
-
Nashville Christian Church Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.