Update: This property has an accepted offer.
Beau Beach, CCIM presents:
Nashville was just ranked the 3rd strongest commercial real estate market in the entire county. Much of that growth is being driven by the city’s dynamic tourism industry.
This hotel property is located in the world-famous Opryland submarket (known by some as Music Valley) which caters to tourism. That means this parcel is located in the epicenter of one of the most important tourism districts in all of growing Nashville.
Accordingly, the parcel is Zoned CA (Commercial Attraction). Commercial Attraction is intended for a wide range of amusement, recreational, and retail support uses typically associated with the tourist industry.
Hotels in this submarket are rarely available for purchase. Located immediately across McGavock Pike from the world-class, Gaylord Opryland Resort and Convention Center. This vacant, two-story, hotel building has 56 rooms and is in need of renovation. Roof, structure and parking lot are in good condition. The buyer could also construct a new hotel building on the site.
Easy ingress and egress with two curb cuts from McGavock Pike. The one acre parcel is approx. 187′ wide by 237′ deep. Traffic counts exceed 50,000 vehicles per day!
As a condition of the sale, this one acre parcel will divided off from the larger 3.83 acre parcel. Note: The larger Fiddler’s Inn property is not for sale. Survey on file and available by request.
Ideally located across from Nashville’s premier luxury resort and convention center with 750,000 SF of meeting space, 2,888 hotel rooms and a state-of-the-art indoor water park. Near Opry Mills, a 1,100,000 SF shopping mall with 200+ stores. And, of course, very near the world famous Grand Ole Opry House.
Located next to the Dukes of Hazzard Museum, the Willie Nelson and Friends Museum and the Nashville Palace…the site is also well positioned for bars, honky-tonks and entertainment venues.
The site is surrounded by other hotels that accommodate the overflow from Gaylord Opryland Resort…and appeal to the more budget-minded traveler.
Nashville is the capital and most populous city in 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 2017 estimates from the U.S. Census Bureau, the total consolidated city-county population stood at 691,243.
Located in northern Middle Tennessee, Nashville is the main core of the largest metropolitan area in Tennessee. The 2017 population of the entire 14-county Nashville metropolitan area was 1,903,045. The 2017 population of the Nashville—Davidson–Murfreesboro–Columbia combined statistical area, a larger trade area, was 2,027,489.
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, and 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: $2,613,000
- Area: 1 acre
- Phone Number: 615-200-9330