About This Restaurant
Investment Highlights
Strategic location in the heart of East Nashville, between Five Points and Inglewood Varied tenant mix with 83% occupancy Highly trafficked location fronting Gallatin Ave Deeded access to structured parking garage across Eastland Ave.
Executive Summary
604 Gallatin Avenue sits in the heart of East Nashville and offers an amazing value-added opportunity for a commercial investor. The building is stabilized with a unique mix of office, retail, and restaurant concepts. The asset also comes with a permanent parking easement for the adjacent garage behind Walgreen?s on West Eastland Avenue. Most tenants are paying below-market rents so any current vacancy or future vacancy will provide rent upside. The convenience to Five Points and Downtown makes this asset a potential legacy asset for any investor.
Property Details
- Sale Type Investment
- Property Type Office Office General Retail Restaurant General Retail Storefront Retail/Office Office
- Building Size 61,866
- Building Class B
- Year Built/Renovated 1978/2005
- Percent Leased 64
- Tenancy Multiple
- Building Height 3 Stories
- Typical Floor Size 20,622
- Building FAR 0.64
- Land Acres 2.21 AC
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 083-05-0-129 | Improvements Assessment | $1,231,200 |
| Land Assessment | $1,258,800 | Total Assessment | $2,490,000 |
| Date Created: | 2024-07-16 04:23:38 | Last Updated: | 2024-07-16 04:23:38 |
| Address: | 604 Gallatin Ave , Nashville, Tennessee, 37206 | ||