Beau Beach, MBA CCIM presents:
For the first time in 29 years, you could own this beautiful property in the heart of Historic Nolensville.
The building is currently fully occupied by a retail tenant and a medical office tenant, one on the first floor and the other on the second floor. The second floor is accessed in the rear using a newer staircase and deck.
Built in 1900, this historic building has all the original details you would expect.
Nearby businesses include Nolensville Feed Mill, Mill Creek Brewing Company, Mojos, Williamson County Rec Center, Nolensville Farmer’s Market, The Amish House, Stillwater, Wabash Southern Kitchen and the under construction Publix-anchored shopping center.
Two parcels (056M A 00600 00017056M and 056M A 00601 00017056M) totaling .18 acres
Ten owned parking spaces in the rear. Additional free public parking across the street.
Seller Financing
Avoid all the bank headaches! For qualified buyers, seller will provide Seller Financing. Choose the option that makes the most sense for your situation:
Down Pmt % | Interest Rate | Loan Term | Personal Guarantee | Interest Only |
20% | 5% | 2 | Yes | Yes |
15% | 6% | 2 | Yes | Yes |
10% | 7.50% | 2 | Yes | Yes |
Value-Add Opportunities
Re-tenant at market rates.
Convert the ground floor to two tenants. The ground floor is currently being used by one tenant but the existing layout allows for two tenants each with their own entrance. Two tenants on the ground floor will maximize rental income.
Use the second floor as a short-term housing rental with dedicated parking spaces. The second floor is already set up as a direct-entrance two bedroom apartment with kitchen, bathroom and deck. Also, two more bedrooms could be added in the adjacent space now used for storage.
Expand the building onto the land in the rear. You could double or even triple the square footage of the building. This is also likely where you would add a restaurant kitchen or additional restrooms.
Pave the rear parking lot.
Improved signage.
Zoning
Zoned CD-4HV. The CD-4HV Historical Village Character District consists of a medium density area that has a mix of Building Types and primarily, Residential, Retail / Personal Service / Artisan, Office, Lodging and Civic uses.
Permitted uses include:
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- Single-family
- Duplex
- Mixed-use
- Civic and Philanthropic
- Hotel
- Short-term Rental
- Membership Club or Lodge
- Restaurant
- Bar
- Retail alcohol sales
- Artisan and Arts
- Convenience or Grocery Store
- Financial Services
- Retail sales
- Medical, Dental and Clinic
- Office
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Existing Tenants
Please do not disturb the tenants. Contact Beau for the confidential details of the current short-term leases.
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.
- Price: $1,399,000 ($500/SF)
- Area: .18 acre
- Phone Number: 615-200-9330
- Space (s.f.): 2,805 SF