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  • For sale
1705 Division Street | Nashville, Tennessee - #1

For Sale

$3,000,000 USD

Colliers International is pleased to present to qualified developers the unique opportunity to acquire 1705 Division Street in Nashville, Tennessee, which is situated in the heart of Midtown. Division Street binds this triangle-shaped property to the north and an alleyway to the east adjacent to the Virgin Hotel on Music Row near Music City’s famed Roundabout Plaza. According to public records, the property totals .15 acres with a 3,411 square feet office building on the site. In-place leases unencumber the 3-story office building built in 1985 and offer 12 on-site parking spaces yielding a 3.5/1000 parking ratio. The property represents an attractive opportunity for an investor to acquire the site for its use or offer the office building for lease while holding for future development potential. The current MUI-A zoning provides an investor with a multitude of options in a zoning classification intended to allow for mixed-use intensive development, including residential, retail, and office uses. Density can be achieved in the MUI-A zoning that allows for up to 7 stories with a maximum height of 105 feet and a FAR of 5.00.