605, 615, 617 8th Avenue South
Retail | 20,474 SqFt
Marketing description
Avison Young, as exclusive advisor, is pleased to present a unique opportunity for a long-term ground lease or to acquire three parcels totaling ± 0.47 acres of prime development land at 605 8th Avenue South (the “Property”), located in the Gulch South neighborhood with direct access to the SoBro neighborhood and the 8th Avenue corridor in Nashville, Tennessee.
Prominently situated among an elite set of developments in a mixed-use LEED ND certified neighborhood, the Property offers favorable zoning for a multitude of uses including a bonus height program to maximize density. The Gulch neighborhood was designed with a strong focus on connectivity, walkability and public transportation.
The site consists of three parcels totaling ± 0.47 acres and is situated within the Downtown subdistrict in one of the most coveted micro-markets famously known as “the Gulch.” The prominent location is just south of the Music City Convention Center. It is zoned DTC (Downtown Code), specifically within the Gulch South subdistrict neighborhood. The Gulch South zoning allows for a variety of mixeduse mid to high-rise buildings varying in height, all dependent upon the zoning chart outlined with the DTC and with regard to its location to major intersections. In addition to the development regulating plan, this site is located with an area designated as a LEED ND certified neighborhood allowing for additional sustainable initiatives through the Bonus Height Program.
Investment highlights
- Significant hospitality and multifamily development surrounding the site including the newly-announced Ritz Carlton Hotel and Residence
- Numerous public and private sector initiatives continue to transform this dynamic neighborhood
- Limited available landmark sites in the Gulch neighborhood
- Increasing demand for quality investment and development in Nashville
- Strong market fundamentals
- As the first LEED ND certified neighborhood in the Southeast, the Gulch continues to be a model for sustainable community design in the region
- Zoned DTC (Downtown Code) in the Gulch South subdistrict allowing multiple uses up to 16 stories with sustainable practices
- Easy access to the interstate, Nashville International Airport (BNA), Music City Center, Nashville’s CBD, Music Row and Midtown
- 0.47 Acres in the LEED ND Certified Gulch neighborhood (up to 0.78 acres of additional acreage available for development for a total of 1.25 acres)
- Situated within the Gulch Business Improvement District (GBID) program that provides a focus on a clean and safe environment
- Submarket Downtown | Gulch South subdistrict
- Video link : https://vimeo.com/649548596/1dbd867545
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