615-850-2764
154 2nd Ave N, Nashville, TN for Sale
Hospitality - FOR SALE
1/8
null | Request Cap Rate

154 2nd Ave N
Nashville, TN 37201
Riverfront


HIGHLIGHTS

  • Unique Large Format Building Acquisition: The property is larger than most in the historic district featuring over 46,000 square feet on five levels.
  • Trophy Location: 154 2nd Ave North sits directly at the primary intersection with Commerce Street just one block north of Broadway.
  • Access to Nashville’s 27 million annual core visits: The location sits in the heart of the burgeoning entertainment district that has world-wide draw.
  • Rare First Floor Vacancy: The vacant first floor is over 10,000 SF and provides a rare opportunity for a new signature concept.
  • Value-Add Opportunity: Two additional floors can be added to the top of the property creating state-of-the-art venues with unsurpassed views.
  • Gentrification Advantage: Almost $40 million in public investments have been spent to revitalize 2nd Ave in recent years.

OVERVIEW

154 2nd Avenue North is a 46,000+ SF fully redeveloped hospitality asset in the heart of downtown Nashville’s tourist district. It features more than 10,000 SF of vacant first floor fully built-out F&B space, a thriving 34-key boutique hotel, an activated rooftop Skydeck, and basement lease with Coyote Ugly Saloon. The rare opportunity provides for a flagship hospitality operation along the newly revitalized 2nd Avenue streetscape. The entire property is fully built-out with infrastructure in place allowing for immediate repositioning and lease-up. The property’s second and third floors are fully redeveloped and have operated as Studio 154 Luxury Lofts in recent years. This high-end boutique hotel features digital check-in, a rooftop Skydeck with F&B service space overlooking the Cumberland River, and loft-style suites with kitchenettes. It has 34 suites and can accommodate up to 127 guests. Engineering studies show that two additional vertical floors can be added to the property creating a truly unique destination blending the entire building into a world class hospitality operation.

FOR SALE DETAILS

PRICE

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# OF ROOMS

34

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Studio 154 Luxury Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

A

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,000 SF

ZONING

DTC

APN/PARCEL ID

093-06-2-071

ASK ABOUT THIS PROPERTY

Jim MorrisColliersMore Info
615-850-2764

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Jim MorrisColliersMore Info
615-850-2764

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.