910 Main St - Apartments FOR SALE


Nashville, TN 37206- Five Points
$1,299,000 USD
615-973-1367
910 Main St, Nashville, TN for Sale
$1,299,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

910 Main St
Nashville, TN 37206
Five Points


HIGHLIGHTS

  • Main Street location close to downtown Nashville, Five Points, and I-24
  • MUG-A zoning allows for many approved uses and 3.0 FAR; see attached feasibility study
  • Minutes from new Nissan Stadium and Oracle's future riverfront campus
  • Tenants are month-to-month allowing for covered land play scenario
  • Front building is 1,970 SF and rear building is 760 SF
  • New roofs on all buildings

OVERVIEW

910 Main St is an eight-unit apartment complex in the heart of East Nashville, 1/2 mile to Five Points. Five of the eight units are currently rented on verbal, month-to-month leases, making it a possible covered land play for developers. The property's Mixed-Use General (MUG-A) zoning allows for a variety of institutional, medical, education, commercial, and other approved uses. The FAR permitted is 3.0, or 21,600 SF for this property, and the max height is five stories, or 75 feet. A four or five story apartment building could be constructed with around 20 apartments. See attached Feasibility Study.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$431 USD /SF

# OF UNITS

8

PRICE/UNIT

$162,375

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,837 SF

ZONING

MULTI-ZONE

APN/PARCEL ID

082-12-0-318

ASK ABOUT THIS PROPERTY

James MooreBlue Iris Real EstateMore Info
615-973-1367

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James MooreBlue Iris Real EstateMore Info
615-973-1367

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