403-407 Gallatin Ave - Freestanding FOR SALE


Nashville, TN 37206
$4,995,000 USD
205-335-0105
403-407 Gallatin Ave, Nashville, TN for Sale
$4,995,000 USD
Freestanding - FOR SALE
1/14
null | 5.26% Cap Rate

403-407 Gallatin Ave
Nashville, TN 37206


HIGHLIGHTS

  • Highly visible hard corner
  • High traffic count
  • Vibrant surrounding community

OVERVIEW

Located in the heart of East Nashville's thriving Main Street / Gallatin Avenue corridor, 403 Gallatin Avenue presents a unique opportunity to acquire a fully-leased, multi-tenant commercial property on a corner lot within one of the city’s most dynamic submarkets (East Nashville). With its premium corner location, high-growth surroundings, and robust tenant mix, this asset offers stability and upside potential for investors seeking a premier urban property. Zoning: MUG-A (Mixed-Use General-Alternative) Tenants: Fully leased to two tenants—Jane’s Hideaway (~43% of the building) and Sherwin-Williams (~57% of the building)—providing reliable income streams. Visibility and Access: Located on a hard corner along Gallatin Avenue, a major arterial road with high traffic counts, excellent accessibility, and close proximity to downtown Nashville & dense residential neighborhoods. Development Potential: The property’s zoning and location offer redevelopment opportunities for a future mixed-use or multi-family project, subject to zoning and planning approvals. Location and Market Highlights: Gallatin Avenue Corridor: Situated in a high-growth area known for its eclectic mix of retail, dining, and entertainment venues. Neighborhood Demographics: East Nashville continues to attract a vibrant mix of residents and visitors, bolstered by strong population growth, high-income levels, and a robust demand for quality commercial space. Proximity to Downtown: Just minutes from Nashville’s central business district, this property benefits from unparalleled connectivity and market reach. Investment Details: Stabilized Income: Long-term leases with built-in escalations provide predictable cash flow and hedge against inflation. Opportunity to increase NOI with paid parking scenario. Triple-Net Leases: Tenants are responsible for all property taxes, insurance, and maintenance costs, reducing ownership overhead. Future Redevelopment Potential: The property's MUG-A zoning allows for significant density and flexibility, enabling developers to explore a variety of mixed-use or residential projects. With its prominent location and established infrastructure, 403 Gallatin Avenue is well-positioned for long-term value creation.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$835 USD /SF

CAP RATE

5.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

MUG-A

APN/PARCEL ID

083-09-0-008

ASK ABOUT THIS PROPERTY

Cameron BiceSagemontMore Info
205-335-0105

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Cameron BiceSagemontMore Info
205-335-0105

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