3811-3819 Gallatin Pike
Nashville, TN 37216
3811-3819 Gallatin Pike · Land For Sale · 1.74 ac

** For the complete property information, click the PROPERTY WEBSITE (link below) ** Beau Beach, MBA CCIM presents: 4 parcels of land. 1.74 prime acres on Gallatin Pike in East Nashville. That’s just $65/SF of land! Conceptual site plan for 180 apartment units plus 8,146 SF of retail space. That’s just $27,500 per unit. Take advantage of our Seller Financing options (below) and let the existing cash flow of $220,000 pay the note until you’re ready for construction. This is the ultimate Covered Land Play! Covered Land Play One way to minimize risk when you’re pursuing a development is covered land plays. The basic premise is that you buy a property for the value of the “land” while the existing buildings, whether or not you intend to keep them in the long run, generate income that “covers” your carrying costs as you pursue your development strategy. 1.74 acres on very desirable Gallatin Pike with MULA Zoning! MULA zoning is arguably the most coveted zoning in all of Metro Nashville. MULA allows apartments, hotels, short term rentals, retail and more. Two zoning overlays: OV-UDO and OV-UZO. Click here for the complete zoning information. 300' of Gallatin Pike frontage. Traffic counts exceed 26,000 vehicles/day. No flood zone. No opportunity zone. Nearby New Developments * One block South, M. L. Rose is opening it’s 4th location and its first in East Nashville. The redevelopment will also include two other retail or restaurant tenants. * The adjacent property was recently developed into The Nines, a condo property. * On the other side of Gallatin Pike you’ll find the recently completed Studio 79 which offers 79 studio apartments. * Next to it at 3800 Gallatin, a 20,000 SF Class A office development is planned that includes a residential component. Seller Financing Avoid all the bank headaches! For qualified buyers, seller will provide Seller Financing. Visit the property website to view our Seller Financing options. Conceptual Site Plan 4 stories of wood frame construction plus 2 levels of podium parking (one level underground). 180 studio and one bedroom apartments. 8,146 SF retail space. 2,748 SF residential lobby. 4,752 SF of amenity space. Your project can be permitted as a Hotel so you have the ongoing right to Short Term Rentals. Conceptual Site Plan created by Architect Gregory Spon (gspon@waremalcomb.com or 615-647-5547). Existing Cash Flow 7 buildings offer 36 units of corporate housing. Rented month-to-month and always full! Contact Beau to receive the Financial Snapshot. Abundant parking with combined private and street parking. All supplies, equipment, decorations and furnishings included in the sale. This will provide an accelerated depreciation opportunity for a savvy investor. Every unit has its own secure (password protected) Wifi. Shared laundry facility, dog park, coffee bar, ice machines, community rooms, controlled access, 10 exterior security cameras. On-site management office plus shop space. Diversified mix of tastefully designed and decorated co-living units, studio apartments and 1 bedroom apartments. 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 property 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. 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. Parcel numbers: 06115031600, 06115031500, 06115031400, 06115031300 Priced to ensure a timely sale. Don’t miss this opportunity. Our office must prepare all the paperwork for this transaction.