Update: This property is now Off Market
Beau Beach, MBA CCIM presents:
Unique redevelopment opportunity on booming Gallatin Pike in East Nashville! This two parcel assemblage totals 15,736 SF on .82 acres.
Strategically located next to the new M.L. Rose! We expect M.L. Rose to accelerate activity in the area in the same way their Charlotte Avenue location did a few years ago.
3627 Gallatin Pike (Main Building)
The main parcel is known as 3627 Gallatin Pike. Built in 1955 and expanded later, this two-story building is the long-time home of American Tuxedo and Bridal. Block wall construction with a concrete floor and rafter system. Built like a fortress!
The first floor is 60′ wide x 142′ long totaling 8,520 SF. 10′ ceilings. Two restrooms.
The second level currently measures 4,860 SF. Beautiful 11′ exposed ceilings! The rear parking lot walks into this level. Perfectly set up for a second story, 4,000 SF patio overlooking Gallatin Pike.
Total square footage is 13,380 SF on .21 acres (9,110 SF). Parcel ID: 07203000500
Zoned MULA with two overlays: OV-UDO and OV-UZO. MULA zoning is arguably the most coveted zoning in all of Metro Nashville.
MULA allows restaurants, retail, bars, apartments, hotels, short term rentals and more. No parking requirements with the Urban Zoning Overlay. Click here for the complete zoning information.
3621B Gallatin Pike (Rear Building + Parking)
This historic home offers charm and ample parking without any historic protections. Access easement on neighboring property.
This parcel is zoned CL (Commercial Limited) with a OV-UZO overlay. This parcel measures .61 acres (27,985 SF).
The two-story home includes a Short Term Rental Certificate. The downstairs sleeps 5 and upstairs sleeps 4. Built in 1915. Parcel ID: 07202011300
This structure could generate income from short term rentals, serve as employee housing or be converted to another food and beverage operation. This parcel could provide approx. 50 additional parking spaces along with outdoor patio space.
Nearby New Developments
Next door, M. L. Rose is opening it’s 4th location and its first in East Nashville. The redevelopment will also include two other retail or restaurant tenants.
3823 Gallatin Pike was recently developed into “The Nines”, a condo property.
At 3810 Gallatin Pike you’ll find the recently completed “Studio 79” which offers 79 studio apartments.
Next to it at 3800 Gallatin Pike, a 20,000 SF Class A office development is planned that includes a residential component.
Strong Market for Investment
Nashville ranks #1 in the US as the most desirable market for real estate investors as rated by nonprofit real estate research and policy organization Urban Land Institute.
Nashville is the first market to earn the top spot for 3 straight years!
Buyer to receive $5,000 Convenience Credit
Buyer will receive a $5,000 credit at closing if our brokerage manages the entire transaction. We must prepare all the paperwork.
Priced to ensure a timely sale. Don’t miss this opportunity.
Want to talk? Click here to schedule a call.
LOCATION DESCRIPTION:
East Nashville Neighborhood
East Nashville is an area east of downtown Nashville across the Cumberland River. The area is mostly residential and mixed-use areas with businesses lining the main boulevards.
East Nashville has a quirky vibe and a buzzing food and nightlife scene. The Five Points area is known for its street art, upbeat bars and trendy fine-dining restaurants, while nearby Fatherland Street is the place to go for offbeat shops. In leafy Shelby Park, the Greenway is a paved tree-lined path winding along the Cumberland River. Nissan Stadium fills with crowds for Titans football home games.
East Nashville is an area of creative and artistic flair. It has a trendy progressive atmosphere and after ten plus years of a slow and steady rise, the neighborhood has managed to keep its eclectic, artsy vibe while welcoming a diverse mix of newcomers.
Like it attracted many in the late 19th century, it continues to attract young urban professionals and liberal minds because of the easy-going environment and quaint neighborhood qualities. There are many coffee shops and art galleries interwoven within the neighborhoods making it a biker’s or walkers’ paradise.
The Tomato Art Fest is a popular summer festival in East Nashville specifically at the Five Points, where Woodland, Clearview and 11th streets intersect. There are many other festivals and fairs throughout the year also.
- Price: $4,200,000 ($266/SF)
- Area: .82 acres
- Phone Number: 615-200-9330
- Space (s.f.): 15,736 SF