1.74 Acre Nashville Parcel

Land Description

RI Marketplace Online Auction Dec. 4-6, 2023.

Register to Bid.

Investment Highlights

±1.74-Acre Infill Parcel in Growing and Affluent Nashville

Zoned CS, Commercial Service with Flexible Uses Permitted including Retail, Consumer Service, Financial, Restaurant, Office, Self-Storage, Light Manufacturing, and Small Warehouse Uses

Less than a Mile from I-40 (104,620 Vpd) Interchange with Charlotte Pike (21,988 Vpd) and White Bridge Pike (28,732 Vpd)

Neighboring Retail: Kroger, Walgreens, K&S World Market, Extra Space Storage, Dollar General, Napa Auto Parts, Shell, Planet Fitness, and Many Others

Affluent Demographics with 5-Mile Population of ±183,832 and Average Household Income of ±$108,435

Tremendous 31.23% Growth from 2010-2023 and Future Growth Projected from 2023-2028 (5-Mile Radius)

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present a 1.74-Acre parcel located adjacent to 5855 Charlotte Pike (the “Property”) in Nashville, Tennessee. This Property offers an exceptional investment opportunity to develop a well-located parcel within an established retail corridor. First BID Meets Reserve.

The Property is in a robust trade area near a mix of residential and retail demand generators. Nearby retailers in this amenity-rich location include Kroger, Walgreens, K&S World Market, Extra Space Storage, Dollar General, Napa Auto Parts, Shell, Planet Fitness, and many others. The Property benefits from highly favorable and flexible CS (Commercial Service) zoning that allows for a wide variety of uses including retail, consumer service, financial, restaurant, office, self-storage, light manufacturing, and small warehouse uses.

The Property is poised to benefit from its location in a high traffic area less than one mile from I-40 with traffic counts of ±104,620 vehicles per day. The Property offers excellent accessibility to the greater area and is strategically located in a densely populated area that serves ±181,832 individuals with an average household income of ±$108,435 within a 5-mile radius. The area has benefited from significant population growth of ±31.23% from 2010-2023 and will continue to benefit from a population that is expanding, with ±3.67% growth projected from 2023-2028 (5-mile radius).

John Roebuck

Fisher Auction Company Inc.

License: 1702

Tn Broker No. 00022430