Property profile

937 Allen Rd Nashville, TN 37214

OFF-MARKET
Specialty properties
Property ID
US80-0893662
9,600 SF 2.65 ac lot
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Property summary

AI-generated overview

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

Property profile

Verified
Property type Specialty properties
Total area 9,600 SF
Lot 2.65 ac (115,434 SF)
UPID US80-0893662

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church

Location

937 Allen Rd Nashville, TN 37214
Nashville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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