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Listed by Nina Lampley • Compass Tennessee, LLC
$ 950,000
Est. payment | /mo
1,640 SqFt
$ 950,000
Est. payment | /mo
1,640 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,640 sqft
Price per Sqft $579
MLS Listing ID 3634810
Year Built 2021
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type Mixed Use
Property Description
Income today. Positioned for tomorrow. Rare opportunity to own 1,640 SF of ground-floor commercial real estate in The Hendrix, a newer mixed-use development in the heart of Cleveland Park, one of East Nashville's emerging investment corridors. This highly visible corner location at Cleveland St and Lischey Ave features floor-to-ceiling glass, soaring ceilings, and an iconic Jimi Hendrix mural that gives the building its distinctive identity.
An established commercial tenant with approximately 3 years remaining on the lease offers immediate income potential, making this an attractive opportunity for 1031 exchange buyers and long-term investors. Nine short-term rental units within the building provide a built-in source of potential customer traffic, while nearby favorites Redheaded Stranger, Turkey and the Wolf Icehouse, and Fancypants contribute to the neighborhood's vibrant dining and retail scene.
The real opportunity is what lies ahead. Nashville's East Bank is undergoing a historic transformation, anchored by Oracle's planned $4.5 billion headquarters campus, projected to bring 8,500 permanent jobs by 2031. The proposed Cleveland Street extension toward River North could further enhance connectivity between this neighborhood and one of Nashville's largest economic development projects.
Minutes from Downtown Nashville with convenient highway and airport access, this property offers a rare combination of existing income, prominent corner visibility, established neighborhood appeal, and proximity to transformative investment.
Own the real estate. Collect the income. Position for the future.
Business, fixtures, and furnishings are excluded from the sale. Request the full investment marketing package, including photos, video, lease details, and neighborhood development information.
An established commercial tenant with approximately 3 years remaining on the lease offers immediate income potential, making this an attractive opportunity for 1031 exchange buyers and long-term investors. Nine short-term rental units within the building provide a built-in source of potential customer traffic, while nearby favorites Redheaded Stranger, Turkey and the Wolf Icehouse, and Fancypants contribute to the neighborhood's vibrant dining and retail scene.
The real opportunity is what lies ahead. Nashville's East Bank is undergoing a historic transformation, anchored by Oracle's planned $4.5 billion headquarters campus, projected to bring 8,500 permanent jobs by 2031. The proposed Cleveland Street extension toward River North could further enhance connectivity between this neighborhood and one of Nashville's largest economic development projects.
Minutes from Downtown Nashville with convenient highway and airport access, this property offers a rare combination of existing income, prominent corner visibility, established neighborhood appeal, and proximity to transformative investment.
Own the real estate. Collect the income. Position for the future.
Business, fixtures, and furnishings are excluded from the sale. Request the full investment marketing package, including photos, video, lease details, and neighborhood development information.
Location
State TN
County Davidson County
Zoning CN
Interior
Fireplace N
Exterior
Roof Type Membrane
Others
Special Listing Condition Standard
Virtual Tour https://listings.madlocalmedia.com/video/vcit400U5hzx00635dTwHrfeEJIGsJ500dg2K00AAN4Zl00c
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Shawn Wilmoth, CCIM
Agent License ID: 354366
308 N PETERS RD. STE 225, KNOXVILLE, TN 37922, United States