Sold: Upscale Cocktail Bar on .58 Acre Land Parcel Ripe for New Development

Update:  This property SOLD

Beau Beach, MBA CCIM presents:

This property will likely sell with the adjacent 1.74 acres.  Click for details.

Turn-key Bar

3807 Gallatin Pike is the home of Henry James Bar, an upscale cocktail bar with farm to table Latin American small plates.  The 3,160 SF bar was constructed in 1969 and substantially updated in 2018.  The bar building is 40′ wide by 79′ deep.  The bar sits on a flat, .58 acre parcel of land.

This is a turn-key sale with all equipment, decorations and furnishings included in the sale.  This will provide an accelerated depreciation opportunity for a savvy investor.

Click here for a video tour of the kitchen.

Click here for a video tour of behind the bar.

Recent Updates

Significant renovations were completed in 2018.  The interior is (almost) completely new.  A new kitchen was added.  A new bar was added.  The bathrooms were renovated.  Custom booths were installed.  A small patio was added in back.  One of 2 HVAC units was replaced with new.  Additional split units were added to heat and cool the kitchen and the larger storage closet.  All of the plumbing in the kitchen and bar is new.  A new electrical subpanel was added to support the added kitchen equipment.  Total estimated renovation cost is $400,000.

Great zoning

.58 acres on very desirable and gentrifying Gallatin Pike with MULA Zoning!  MULA zoning is arguably the most coveted zoning in all of Metro Nashville.

For example, nearby 3823 Gallatin Pike was recently redeveloped as The Nines, a condo property.  On the other side of Gallatin Pike you will find the recently completed Studio 79 which offers 79 studio apartments.

MULA permits apartments, hotels, short term rentals, retail and more.  Two zoning overlays: OV-UDO and OV-UZO.  Click here for the complete zoning information.

Great location

As Nashville has exploded in growth, the face of East Nashville has changed dramatically.  In the past 5 years, this area has seen creative entrepreneurs, music studios, apartments, fun bars and tasty restaurants flock to Gallatin Pike to create a wonderfully unique part of the city.

This Airbnb Portfolio sits at the center of this newfound action. For example, Inglewood Lounge is a hip cocktail bar with live jazz that’s within walking distance.  East Side Bowl, a renovated bowling alley, is 5 minutes away.  So is Grimey’s Record shop, a bona fide Nashville institution.  Don’t sleep on El Fuego’s margaritas either — they are strong, and they are cheap.

This section of East Nashville is convenient too.  Kroger is half a mile away.  Opry Mills is under 10 if guests need to go shopping or watch a movie in IMAX.  There are 3 separate gyms within 5 minutes.  Traffic isn’t bad around here either.

This convenient location provides easy access to everything a guest needs from shopping and dining to entertainment venues.

Free Site Plan

We’ve arranged for qualified buyers to receive a Free Site Plan.  Contact Architect Gregory Spon at gspon@waremalcomb.com or 615-647-5547.

Abundant parking with 40 private parking spaces plus street parking.  The neighboring US Post Office leases 23 parking spaces during post office hours for $1,104/mo.  The lease ends April 30, 2026 but can be terminated by tenant with 90 days notice.

100′ of Gallatin Pike frontage.  Parcel is 100′ wide by 250′ deep.  Traffic counts exceed 26,000 vehicles/day.  No flood zone.  No opportunity zone.  Parcel number: 06115031700

Priced to ensure a timely sale. Don’t miss this opportunity. We’ll prepare the paperwork.

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.

Nashville

Residential redevelopment has taken hold of the outer neighborhoods and has significantly brought up home prices and more young people are calling it home.

Nashville is the capital and most populous city of the U.S. state of Tennessee. The city is the county seat of Davidson County and is located on the Cumberland River. The city’s population ranks 24th in the U.S. According to 2018 estimates from the U.S. Census Bureau, the total consolidated city-county population stood at 692,587.

Located in northern Middle Tennessee, Nashville is the major city of the largest metropolitan area in Tennessee. The 2018 population of the Nashville-Davidson–Murfreesboro–Columbia combined statistical area, a larger trade area, was 2,057,416.

Since 1963, Nashville has had a consolidated city-county government, which includes six smaller municipalities in a two-tier system.

Nashville is a center for the music, healthcare, publishing, private prison, banking, and transportation industries. It is home to numerous colleges and universities, such as Tennessee State University, Vanderbilt University, Belmont University, Fisk University, and Lipscomb University.

Entities with headquarters in the city include Asurion, Bridgestone Americas, Captain D’s, CoreCivic, Dollar General, Hospital Corporation of America, LifeWay Christian Resources, Logan’s Roadhouse, and Ryman Hospitality Properties.