Development Site with $10k Monthly Income

1450 Gallatin Pike North, Nashville, TN 37115

Beau Beach, CCIM presents:

Collect $10,200 per month while you plan your new development on this prime piece of Nashville real estate!

The offering is a 4.22 acre development site with 3 existing buildings that generate $10,200 per month in rents. Existing tenants include Dena Tires, Taqueria Don Martin and Appliances & More.  These leases include a landlord early termination option to allow for new development.

The site is comprised of 3 adjacent parcels known as 1450 Gallatin Pike, 109 Edgemeade Blvd and 115 Edgemeade Blvd.  Traffic counts of 27,000+ vehicles per day!

Less than one mile from Rivergate Mall. Rivergate Mall (officially RiverGate) is a shopping mall with three anchor stores: Dillard’s, JC Penney, and Macy’s. The mall sits in the core of a shopping district that is shared by the city of Goodlettsville and the Nashville neighborhood of Madison, however this distinct area is frequently and unofficially known as “Rivergate” by locals and businesses, after the mall.  RiverGate has over 150 stores and over 5,200 parking spaces located on and around the mall property.

Nearby Gallatin Pike businesses include Home Depot, Hobby Lobby, Panera, TJ Maxx, Outback Steakhouse, Lowe’s Home Improvement and O’Reilly Autoparts.

Click here to get the Property Information Package.

 

ZONING DESCRIPTION:

Note: 115 Edgemeade Blvd is zoned residential (RS7.5) and will need to be rezoned to permit a commercial development on that .91 acre portion of the offering.

The two larger parcels are zoned commercial (CS).  The CS districts are intended to provide opportunities for a diverse range of commercial uses that include retail trade and consumer services, automobile sales and repair, small scale custom assembly, restaurants, entertainment and amusement establishments, financial, consulting and administrative services.

 

LOCATION DESCRIPTION:

Madison is a suburban neighborhood of northeast Nashville. Madison is one of about 26 suburban neighborhoods of Nashville.  It is incorporated as part of the Metropolitan Government of Nashville and Davidson County.

The population of Madison’s 37115 zip code as of the US Census Bureau 2016 estimates was 40,146.

Madison is only 8 miles north of downtown Nashville. Madison is a unique town in Nashville because of its easy accessibility via several major roads and interstates.  Ellington Parkway serves as a direct connection from downtown Madison to downtown Nashville with exits to Inglewood and East Nashville. Madison is located close to major highways and parkways: 65, 40, 24, Briley and local access roads St. Route 45 (Old Hickory) and Dickerson Road.  Madison is on the rapid transit Metro bus lines. Madison boasts extensive walkability with several miles of sidewalks.

Madison has two major centers: Downtown Madison and Rivergate. The area between the two centers is called Motor Mile. Madison services several surrounding communities: East Nashville, Inglewood, Whites Creek, Joelton, Old Hickory, Hendersonville, Hermitage and more.

A source of recreation for the Madison community is Rivergate Mall, which is located at the corner of Conference Drive and Gallatin Pike North. This mall houses over 150 different stores, including mainstream department stores.

About Greater Nashville

Nashville is the capital and most populous city of the U.S. state of Tennessee. The city is the county seat of Davidson County and is located on the Cumberland River. The city’s population ranks 24th in the U.S. According to 2018 estimates from the U.S. Census Bureau, the total consolidated city-county population stood at 692,587.

Located in northern Middle Tennessee, Nashville is the major city of the largest metropolitan area in Tennessee. The 2018 population of the Nashville-Davidson–Murfreesboro–Columbia combined statistical area, a larger trade area, was 2,057,416.

Since 1963, Nashville has had a consolidated city-county government, which includes six smaller municipalities in a two-tier system.

Nashville is a center for the music, healthcare, publishing, private prison, banking, and transportation industries. It is home to numerous colleges and universities, such as Tennessee State University, Vanderbilt University, Belmont University, Fisk University, and Lipscomb University. Entities with headquarters in the city include Asurion, Bridgestone Americas, Captain D’s, CoreCivic, Dollar General, Hospital Corporation of America, LifeWay Christian Resources, Logan’s Roadhouse, and Ryman Hospitality Properties.

  • Price: $2,100,000 
  • Area: 4.22 acres 
  • Phone Number: 615-200-9330 
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