526 Murfreesboro Pike - Hospitality FOR SALE


Nashville, TN 37210- Outer Southeast Nashville
$6,700,000 USD
941-504-4222
526 Murfreesboro Pike, Nashville, TN for Sale
$6,700,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

526 Murfreesboro Pike
Nashville, TN 37210
Outer Southeast Nashville


HIGHLIGHTS

  • Prime Murfreesboro Pike Location: 2.80-acre development totaling 129,968 SF seeing 50,000+ vehicles per day.
  • Less Than 2 Miles from Downtown Nashville: Immediate access to major employers, entertainment, and retail
  • Designated Opportunity Zone: Offers potential tax advantages for long-term investors.
  • Existing Improvements: 32,333 SF building allowing for interim income or redevelopment flexibility
  • Flexible Zoning & Development Potential: Suitable for Mixed-Use, Multifamily, Retail, or Office development
  • New Developments: Immediate area includes Alto Nashville - a 110-unit boutique hotel, Metro Nashville Police HQ, and Nashville Children's Alliance.

OVERVIEW

Franklin Street is pleased to present for sale this well-positioned 2.80 acre parcel located just 2 miles from downtown Nashville. The property lies within a designated Opportunity Zone, enhancing its appeal for long-term redevelopment capital. Existing improvements total 25,427 square feet, providing optionality for interim income, phased redevelopment, or adaptive reuse. The site’s scale, frontage, and corridor orientation support potential multifamily, mixed-use, retail, or office development, subject to zoning and entitlements. The surrounding area is characterized by a diverse and established mix of retail, institutional, residential, and hospitality uses. Nearby national and service-oriented retailers—including McDonald’s— provide daily traffic and consumer draw, while Trevecca Nazarene University anchors the area with a stable academic and employment base, generating consistent demand for housing, retail, and services. The surrounding neighborhood features a wide range of multifamily housing options, from garden-style communities to newer urban infill developments, reinforcing the area’s residential density and renter demand. Hospitality uses and a broad mix of local businesses, employers, and light industrial and service-based industries further contribute to steady daytime population and economic activity along the corridor. Continued private investment is evident, with a neighboring 2.3-acre parcel currently under development (former bank site), signaling ongoing revitalization and increasing land utilization along Murfreesboro Pike.

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$173 USD /SF

# OF ROOMS

77

PRICE/ROOM

$87,013 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scottish Inn Nashville

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1962

PARKING SPACES

84

LAND DETAILS

LAND ACRES

2.8 AC

LAND SF

121,968 SF

ZONING

CS

APN/PARCEL ID

106-01-0-130

ASK ABOUT THIS PROPERTY

Justin SturdivantFranklin StreetMore Info
941-504-4222

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Justin SturdivantFranklin StreetMore Info
941-504-4222

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