Exciting Opportunity in West Nashville: 1.25 Acres Up for Sale!
If you’re strolling through the vibrant streets of Nashville, you might have heard the buzz about a prime piece of real estate hitting the market. That’s right! A property located right next to the bustling One City district has recently been listed for sale, making waves in the local real estate scene. Let’s take a closer look at what makes this 1.25-acre property at 3021 Charlotte Ave. so intriguing.
Location, Location, Location
Any savvy investor knows that location is everything. This available land sits snugly between the mixed-use building known as One City and the Alsco building, giving it fantastic exposure and potential foot traffic. Not to mention, it’s easily accessible via City Boulevard, which connects to a pretty bustling area that includes the popular apartment tower, Haven.
Now, let’s talk about access. Being right adjacent to such vibrant developments, this land has a lot of possibilities. Who doesn’t love the idea of living, shopping, and working all within a stone’s throw?
A Bit of History
The property is owned by local real estate investor Gilbert Smith, who acquired it as part of a larger parcel way back in the early 1970s (though the exact date is a bit of a mystery, according to Metro records). Smith has seen the area transform and grow over the decades, and now he’s ready to pass on this piece of land to someone who can unlock its full potential.
Versatility and Zoning
One of the most exciting aspects of this property is its zoning. The marketing materials highlight that this land can accommodate a variety of building uses. Whether you’re thinking of setting up a new residential space, an office complex, or even a retail business, the possibilities are endless. If you’ve got a vision, this land could certainly be your canvas.
Interestingly, years ago, this property was home to a roof truss facility. That’s a fun nugget of history that reminds us how memory and opportunity can exist on the same patch of land.
Ground Lease Option
If outright buying isn’t quite your style, don’t worry! Smith has also mentioned that he’s open to offering the property on a ground lease. This could be an attractive option for those looking to dive into development without the hefty initial investment of purchasing land.
Adjacent Opportunities
And speaking of opportunities, it’s worth noting that Smith and his daughters also own another property located at 3100 Charlotte Ave.. It houses a Hertz car rental business, and yes, that property is up for sale too! By acquiring both, an investor could substantially expand their footprint in this strategically located area.
Looking Ahead
With development surging all around, this could be the perfect time to invest in West Nashville. So, whether you’re a seasoned developer looking to make strides or an interested first-time buyer, you might want to check out this property before it’s snagged up.
Nashville continues to grow, and properties like this serve as a high-profile reminder of the exciting developments taking place throughout the area. If you’re keen on exploring the vast potential here, now’s the time to delve deeper into what this land has to offer!
