Nashville 2.80 Acre Redevelopment // Murfreesboro Pike
High Visibility / Signalized Corner / Minutes to Downtown
Marketing description
Franklin Street is pleased to present for sale this well-positioned 2.80 acre parcel located just 2 miles from downtown Nashville. The property lies within a designated Opportunity Zone, enhancing its appeal for long-term redevelopment capital. Existing improvements total 25,427 square feet, providing optionality for interim income, phased redevelopment, or adaptive reuse. The site's scale, frontage, and corridor orientation support potential multifamily, mixed-use, retail, or office development, subject to zoning and entitlements.
The surrounding area is characterized by a diverse and established mix of retail, institutional, residential, and hospitality uses. Nearby national and service-oriented retailers—including McDonald's—provide daily traffic and consumer draw, while Trevecca Nazarene University anchors the area with a stable academic and employment base, generating consistent demand for housing, retail, and services. The surrounding neighborhood features a wide range of multifamily housing options, from garden-style communities to newer urban infill developments, reinforcing the area's residential density and renter demand.
Hospitality uses and a broad mix of local businesses, employers, and light industrial and service-based industries further contribute to steady daytime population and economic activity along the corridor. Continued private investment is evident, with a neighboring 2.3-acre parcel currently under development (former bank site), signaling ongoing revitalization and increasing land utilization along Murfreesboro Pike.
Investment highlights
- Prime Murfreesboro Pike Location: 2.80-acre development totaling 129,968 SF seeing 50,000+ vehicles per day.
- Less Than 2 Miles from Downtown Nashville: Immediate access to major employers, entertainment, and retail.
- Designated Opportunity Zone: Offers potential tax advantages for long-term investors.
- Existing Improvements: 32,333 SF building allowing for interim income or redevelopment flexibility.
- Flexible Zoning & Development Potential: Suitable for Mixed-Use, Multifamily, Retail, or Office development.
- Strong Demographics: Nashville MSA experiencing 15% population growth and 20% job growth over the past decade.
- New Developments: Immediate area includes Alto Nashville - a 110-unit boutique hotel, Metro Nashville Police HQ, and Nashville Children's Alliance.
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