22nd Avenue North NASHVILLE, TN

209 + 217 22nd Avenue NorthNASHVILLE, TN

D e v e l o p m e n t O p p o r t u n i t y

209+217 22ND AVENUE NORTH | NASHVILLE2

Colliers International is pleased to offer the opportunity to purchase the development site located at 209 & 217 22nd Avenue North in Nashville, Tennessee. The 0.83-acre site is located 4-miles from Interstate 40 (77,156 AADT) and approximately 2-miles from Interstate 440 (83,046 AADT). The property is located in the Midtown/Vanderbilt area between downtown, Music Row, West End and Hillsboro Village. The site is located within walking distance from Vanderbilt University (13,131 enrolled students in 2019), in a neighborhood that is known for its luxury condo apartment buildings, and vibrant dining and entertainment.

· Strategically located in the heart of the medical district (Saint Thomas Midtown, Centennial/HCA Hospital, Vanderbilt University, Vanderbilt Medical Center, and Vanderbilt Children’s Hospital)

· Excellent access to I-65, I-440, and I-40 via Charlotte Avenue, Church Street, and West End Avenue

· The area serves as a link between Downtown, West End, Midtown, Charlotte, and Vanderbilt University

· Close proximity to retail, dining, and entertainment options

· The location is ideal for a number of uses including hospitality, mixed-use, office, retail, medical office, and multi-family

· The site is zoned MUG-A (Mixed-Use General is intended for a moderately high intensity mixture of residential, retail, and office uses)

Note: The building has been a medical office building since constructed in 1970 and was originally designed and built to be two-stories

THE OPPORTUNITY

Address 209 + 217 22nd Avenue North, Nashville, TN 37203

Price $8,350,000

Parcel Size +/- 0.83 Acres

Zoning / Entitlements MUG-A (Mixed-Use General is intended for a moderately high intensity mixture of residential, retail, and office uses)

Parcel Number 092-15-0-115-00 / 092-15-0-120-00

THE OPPORTUNITY

THE ADVANTAGES

THE SUMMARY

E x e c u t i v e S u m m a r y

3 209+217 22ND AVENUE NORTH | NASHVILLE

Z o n i n g I n f o r m a t i o n

THE OPPORTUNITY

Zoning Mixed Use General (MUG-A, OV-UZO)

DefinitionMixed Use General is intended for a Moderately High Intensity mixture of residential, retail, and office uses. Alternative Districts promote alternative modes of Transportation.

ParkingThis zoning allows for both, on street parking and structured parking, to be within compliance with the parking requirements for this property.

Maximum Building Height 105 feet

Height

The zoning presently allows there to be five (5) floors with full coverage of the developable floor plate. Above five (5) floors you can gain a variance for additional floors with them being reduced in size based on variance that can be applied for if needed.

Current Use Medical Office/Redevelopment Site

Maximum Yard Setbacks

Front (Feet) 0

Rear (Feet) 20

Side (Feet) 0

Maximum Floor Area Ratio (FAR) 3.0 times the lot area

Property Zoning Information


P h o t o s + A e r i a l s


MUSICROW

MIDTOWN

WEDGEWOODHOUSTON

NORTH

GERMAN-TOWN

EASTNASHVILLE

CHESTNUTHILL

GULCH

DOWN-TOWN

NORTHGULCH

L o c a t i o n M a p


NORTH NORTH GULCHGULCH

MUSIC MUSIC ROWROW

MIDTOWNMIDTOWN

DOWNTOWNDOWNTOWNSOBROSOBRO

Broa

dway

Broa

dway

Demon

breu

n Stre

et

Demon

breu

n Stre

et

Wes

t End

Ave

nue

Wes

t End

Ave

nue

Chur

ch S

tree

tCh

urch

Str

eet

Charlotte Ave

Charlotte Ave

L o c a t i o n A e r i a l

M I D T O W NB u s i n e ss D i s t r i c t | L u x u r y H o t e l s | E n t e r t a i nm e n t


DOWNTOWN NASHVILLE

21ST

AVE

NUE

SOUT

H

20TH

AVE

NUE

GRAND AVENUE

19TH

AVE

NUE

SOUT

H

18TH

AVE

NUE

SOUT

H

MUSIC SQ

UARE WEST

MUSIC SQUARE EAST

MIDTOWN

ENTERTAINMENT

DISTRICT

12

3

1

1

2

2

3

3

445 5

6

4 | Tin Roof5 | Two Bits6 | Little Chicago Pizzeria + Grill7 | Just Love Coffee Cafe8 | Tailgate Brewery

78

9

6

7

89

1011

1

2

3

4

10

5

6

SAINT THOMAS MIDTOWN HOSPITAL

16

12

8

18

9

9

1714

13

15

10

11

1012

13

RESIDENTIAL1 The Adelicia

2 Aertson Midtown

3 Twenty & Grand

4 SkyHouse Nashville

5 The Cadence

6 Rhythm at Music Row

7 1505 Demonbreun

8 Element Music Row

9 Bristol on Broadway

10 Artisan on 18th

11 The Morris Apartments

12 Connect Nashville

13 Akord Apartments

14 1818 Church Apartments

15 20th & Church

16 University Square Condominiums

17 Propst Condos

18 Millennium Music Row

19 Artemis Midtown Apartments

HOTELS1 Kimpton Aertson

2 Loews Vanderbilt Hotel

3 Hampton Inn Nashville/Vanderbilt

4 Hutton

5 SpringHill Suites by Marriott

6 Hilton Garden Inn - Vanderbilt

7 Home2 Suites by Hilton

8 Embassy Suites - Vanderbilt

9 Virgin Hotel

10 Graduate Hotel

11 The Hayes Street Hotel

12 Hyatt House Nashville

13 Conrad by Hilton

DINING & ENTERTAINMENT1 Chipotle Mexican Grill

19

7

VANDERBILT UNIVERSITY

209 + 217 22nd Avenue North

2 Starbucks

3 Amerigo Italian

4 Tin Roof

5 Two Bits

6 Little Chicago Pizzeria and Grill

7 Just Love Coffee Cafe

8 TailGate Brewery Music Row

OFFICE1 1801 West End

2 BMI

3 Warner Music Nashville

4 Roundabout Plaza

5 CMA Country Music Association

6 Word Entertainment

7 Caterpillar Financial Center

8 17th & Grand

9 WeWork

10 19th & Grand New Development

9 Five Odd Fellows Food & Drink

10 The Patterson House

BROADWAY

WEST END AVENUE

M i d t o w n A r e a A t t r a c t i o n s

DIVISION STREET


N e a r b y R e s i d e n t i a l

THE ADELICIA TWENTY & GRAND SKYHOUSE NASHVILLE

THE CADENCE 1818 CHURCH APARTMENTSTHE MORRIS


N e a r b y H o t e l s

LOEWS VANDERBILT HOTEL

CONRAD NASHVILLEVIRGIN HOTEL

HUTTON HOTELKIMPTON AERTSON HOTEL

GRADUATE HOTEL


N e a r b y D i n i n g & E n t e r t a i n m e n t

AMERIGO ITALIAN RESTAURANT THE ROW KITCHEN & PUB DESANO PIZZA & BARKERY

THE PATTERSON HOUSEROTIER’S RESTAUARANT FIVE ODD FELLOWS FOOD & DRINK


N e a r b y O f f i c e B u i l d i n g s

BMI ROUNDABOUT PLAZA WORD ENTERTAINMENT

17TH & GRANDCATERPILLAR FINANCIAL CENTER 2525 WEST END


Nashville is the economic center of Tennessee and a vital transportation, business and tourism hub for North America. The Nashville MSA comprises 10 counties with a total population just over 1.9 million, making it the largest metropolitan area in a five-state region. When it comes to satisfying and exceeding business needs and expectations, the Nashville region is a top location in America for corporate relocations, expansions, and start-up companies.

Nashville is consistently recognized for its pro-business environment, highly educated workforce and compelling demographics. Its energetic and growing economy for doing business is encouraging corporate relocations and expansions. Amazon Logistics, Asurion, HCA, Bridgestone, Dollar General, Jackson National Life, Warner Music Group, UBS and Nissan are just a few of the national and international corporations that have chosen Nashville as a headquarter location. This environment has earned Nashville a top position in national accolades including positions on Forbes magazine’s “Best Cities for Business & Careers” and “Best Cities for Jobs.”

Commonly known as “Music City,” Nashville is the center of the country music scene and is home to numerous artists, recording studios and record labels, making it the largest music production center and the number one music scene in the U.S. outside of New York City. With a growing population exceeding 1.9 million people, Nashville is one of the fastest rising metropolitan areas in the country. As the city grows, its diverse workforce, unique community and Southern hospitality make Nashville a perfect location for both business ventures and residents.

N a s h v i l l e M a r k e t O v e r v i e w

RECENT ACCOLADES

• “No. 1 in South Central United States for regional workforce development”, Smart Asset

• “No. 1 Metro area for professional and business service jobs with 42.6% growth since 2011”, Forbes

• “No. 6 on Forbes’ list of Top 25 Fastest-Growing Cities of 2018, up from #20 in 2017”, Smart Asset

• “No. 6 City for young professionals thanks to job market, reputation for fun and low unemployment”, Smart Asset

MAJOR EMPLOYERSVanderbilt University Medical Center 20,428

Nissan North America 10,750

HCA Healthcare Inc. 10,613

Vanderbilt University 6,912


D e m o g r a p h i c S u m m a r y

2019 NASHVILLE MSA POPULATION NASHVILLE MSA TOTAL BUSINESSES TOURISM SPENDING

2035 POPULATION PROJECTION

1,934,317 40,000 $7.0BNASHVILLE MSA TOTAL EMPLOYEES NASHVILLE VISITORS IN 2019

16.1M1,069,3002,600,000


JOHN GIFFORD, CCIMSenior Vice PresidentColliers International615 850 [email protected]

C o n t a c t

COLLIERS NASHVILLE615 THIRD Avenue S | Suite 500Nashville, TN 37210www.colliers.com

BRIAN CASEYVice PresidentColliers International615 850 [email protected]

DAVID ATCHISONVice President & Retail Team LeaderColliers International615 850 [email protected]

Documents

22nd Avenue North NASHVILLE, TN