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6th & Division
Asset ClassLand, Retail, Hotel & Hospitality, Multifamily
Land1.74 Acres
overview of deal

Overview

Stream Realty is excited to offer the rare opportunity to acquire a 1.74 acre highly visible mixed-use development site in downtown Nashville’s up and coming Pie Town district. Known as the city’s hub for new development and burgeoning retail, Pie Town is experiencing a vastly changing landscape with new development activity as well as new restaurants opening up throughout the area. This prime location places the property at the heart of a thriving urban landscape, providing seamless access to top-tier amenities, major attractions, and a bustling tourism scene. With excellent connectivity to the interstate system and the Division Street connector, the site presents developers with a premier opportunity in one of Nashville’s most active and sought-after development corridors.

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Investment Highlights

  • 1.74 acres in the heart of Nashville’s most active development South of Broadway (SoBro)
  • Current base zoning allows for up to 16 stories with multiple uses
  • Superior access to I-40, Nashville International Airport (BNA), Music City Center, Nashville’s CBD, Music Row and Midtown
  • Placed in the heart of the city’s SoBro Strategic Masterplan which draws key strategies around urban living: market demand, neighborhood development, transportation, parks and open spaces
  • Prime visibility on Lafayette Street, Division Street, and interstate connector (I-65/I-40)
  • Asking Price: $18,000,000 – 5% Cap Rate with 3% Annual Increases
  • $237 per SF of Land – Substantially Discounted from Recent Market Comps
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709 Rep. John Lewis Way SNashville, TN 37203

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Listing provided by Revere CRE