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2004 21 ST AVENUE SOUTH FOR SALE | 3,929 SF OFFICE | HILLSBORO VILLAGE

2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

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Page 1: 2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

2004 21ST AVENUE SOUTHFOR SALE | 3,929 SF OFFICE | HILLSBORO VILLAGE

Page 2: 2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

22004 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL

THE OPPORTUNITY

Foundry Commercial has been retained as exclusiveagent in the sale of 2004 21st Ave South, Nashville,TN (“the Property”). The asking price for the Property is$1,770,000.

The Property is a 3,929 SF office building suitable forvarious professional services or entertainment industry firms that seek a non-corporate environment in a truly superlative location. The Property is adjacent to Nashville’s highly desirable Hillsboro Village, and within walking distance to both Vanderbilt and Belmont Universities, as well as Music Row. The Property’s central location and quick access to Downtown, West End Avenue, and other parts of Nashville are excellent via 21st Avenue and nearby I-440.

The Property is composed of a 1930’s vintage home that has been fully renovated to current standards and converted to an office property. The Property has three private offices, 15-16 open offices, two conference rooms, and a reception area downstairs. Also included are two copier/mail rooms, a printer/copy room, a break room, two server rooms, and IT closets. Lastly, the property includes a two-car garage, unfinished basement, and 13 parking spaces in addition to street parking.

This offering is a rare opportunity for a user or investor to acquire an excellent property in one of the most sought-after, pedestrian-friendly locations in all of Nashville.

For further information about the Property or to submit anoffer, please contact Rick Helton at (615) 324-0785 orDon Albright at (615) 771-0772.

Page 3: 2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

32004 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL

PROPERTY OVERVIEW

PROPERTY DETAILS

Price $1,770,000

Address2004 21st Avenue SouthNashville, Tennessee 37212

ExistingImprovements

3,929 SF Total1,410 SF First Floor | 2,519 SF Second Floor

Site Size 0.18 AC

Parking 13 Spaces Onsite + Street Parking

Sub Market Green Hills / Music Row

Zoning OR20

• Ideal central location inside the I-440 loop

• Walking distance to Hillsboro Village, Music Row, 12 South, Belmont University, and Vanderbilt University and Medical Center

• Monument signage opportunity

• 35,000 vehicles per day south; 21,100 vehicles per day north

• Can be sub-divided for two or more tenants

• Separate security systems for upstairs and downstairs tenants

• Utilities include water, sewer, gas, and underground electric

• Building is fully wired for underground fiber to source at alley

PROPERTY HIGHLIGHTS

Page 4: 2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

42004 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL

SITE PLAN

21

st A

ve S

MainEntrance

RearParking

Lot 20

th A

ve S

(A

lley)Front

ParkingLot

2004 21st Ave S 3,929 SF

Driveway

Carport

Deck

Page 5: 2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

52004 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL

SITE OVERVIEW

21

st A

ve S 20

th A

ve S

(A

lley)

Por tland Ave

2004 21st Ave S0.18 AC Site

21

st A

ve S

Mag

nolia

Blv

d

Page 6: 2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

62004 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL

FIRST FLOOR | 1,410 SF

Mai

n En

tran

ce

21

ST A

VE

S

Office Conf

Carport

20

TH A

VE

S (A

LLEY

)

Office

Garage

Closet

StairsToilet

Office

Office

Kitc

hen

Break Room

Page 7: 2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

72004 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL

SECOND FLOOR | 2,519 SF2

1ST

AV

E S

StorageBreak Room/Meeting Room

Deck

20

TH A

VE

S (A

LLEY

)

Office OpenOfficeArea

Closet

Stairs

Toilet

HVAC & IT

Closet

Office

OpenOffice

OpenOffice

Closet

Page 8: 2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

82004 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL

EXTERIOR PROPERTY PHOTOS

HILLSBOROVILLAGE

21st A

ve S

Page 9: 2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

92004 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL

LOCATION MAP

VanderbiltUniversityMedicalCenter

VanderbiltUniversityCampus

BelmontUniversity

Future MLSStadium

CentennialPark

12 SOUTH

BERRY HILL

EDGEHILL

TO GREEN HILLS

MUSIC ROW

MIDTOWN/WEST END

WEDGEWOODHOUSTON

THEGULCH

CBD

SOBRO

440

440

440

LOCATION ADVANTAGE

The property is conveniently located within walking distance of Vanderbilt University, Belmont University, and the popular Hillsboro Village shopping and dining district. Music Row provides direct access to The Gulch and Downtown Nashville. Access to I-440 is immediately south of the property via 21st Avenue South.

HILLSBOROVILLAGE

Hi

llsbo

ro R

d

21st

Ave

S

21st

Ave

S

Broadway

Wes

t End

Ave

West

End Ave

Page 10: 2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

102004 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL

LOCATION & PROXIMITY MAP

NASHVILLE CBD

MIDTOWN/WEST END

MUSICROW

HILLSBOROVILLAGE

TOI-440 ACCESS

& GREEN HILLS

BELMONTUNIVERSITY

12 SOUTH

VANDERBILTUNIVERSITY

MEDICAL CENTER

21st A

ve S

21st A

ve S

Magnolia Blvd

Portland Ave

2004 21ST AVE S

Miles Minutes

Nashville CBD 2.4 mi 10 min

The Gulch 1.8 mi 5 min

Green Hills 2 mi 6 min

12 South 1.2 mi 4 min

Music Row 0.4 mi 1 min

Centennial Park 1.3 mi 7 min

Vanderbilt Hospital 0.5 mi 4 min

Future MLS Stadium 2.2 mi 8 min

Page 11: 2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

112004 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL

WALKING DISTANCE AMENITIES

DINING + DRINKING SHOPPINGBare Naked Bagel Altar'd State

Belcourt Taps Apple & Oak

Biscuit Love Arcade Kids

blvd Nashville David Cookware

Brown's Diner Dress Up

Cabana Impeccable Pig

Chago's Cantina Mountain High Outfitters

Chick Fil A Native + Nomad

Donut + Dog Onward Reserve

Double Dogs Posh

Grilled Cheeserie Revv

Hopdoddy Burger Bar Scout & Molly's

International Market Thousand Faces

J. Christopher's UAL

Jeni's Splendid Ice Cream

Kay Bob's Grill and Ale SERVICES + ACTIVITIESLevant Mediterranean Café Belcourt Theatre

McAllister's Deli Belmont University

McDougal's Chicken Fannie Mae Dees Park

Meet Noodles Kroger

Nashville Chocolate & Nut Local Honey

Pancake Pantry Moxy Hotel

PM Rodney Mitchell

Proper Bagel Ruby

RocknRoll Sushi Uncle Classic

Subway Vanderbilt Medical Center

Sushi 88 Vanderbilt University

Taco Mama

Villager Tavern COFFEE + JUICEBongo Java

FITNESS Fido

Lotus Room Ayurveda Revelator Coffee Company

Pilates Garage Urban Juicer

Kroger

BelmontUniversity

0.25 Miles

0.50 Miles

VanderbiltUniversity &

Medical Center

MoxyHotel

BelcourtTheatre

Page 12: 2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

122004 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL

THE NEIGHBORHOOD

HILLSBORO VILLAGE

Hillsboro Village features a walkable network of historic homes, highly-rated restaurants, scenic green spaces and trendy coffee shops making it one of the most sought-after areas in all of Nashville.

Because it is flanked by both Vanderbilt University and Belmont University on the southwest side of the city, there is a heavy concentration of college students in this area.

This thriving university scene plays a major role in shaping the overall culture and lifestyle of the area. As

with any respectable college neighborhood, there are plenty of spots to keep you caffeinated and focused, including Fido, Fetch, and Revelator Coffee.

These establishments can be found in Hillsboro Village itself, which offers an inviting cluster of more than 25 bars and restaurants, as well as the classic and recently renovated Belcourt Theatre.

Just east of the Vanderbilt campus is the heart of Nashville’s music industry — Music Row. Here you’ll find recording studios, production houses, record

labels, radio stations, licensing firms and pretty much any other type of business related to country, gospel, and contemporary Christian music.

At the northwest side of the Vanderbilt campus along West End Avenue is Centennial Park, which boasts a stunning replica of the Parthenon in Athens, Greece — right down to the 42-foot statue of Athena within.

For a sweeping view of the Nashville skyline, pack a picnic and set down a blanket on Love Circle. All this and more is within just a five to ten minute walk.

Page 13: 2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

132004 21ST AVENUE SOUTH | FOUNDRY COMMERCIAL

SALE COMPARABLES

1 2 3 4 5 6

Address 1009 17th Ave S 1616 16th Ave S 1511-1513 16th Ave S 2123 Belcourt Ave 1516 16th Ave S 1501 12st Ave S

Year Built 1925 1935 1920 1965 1930 1956

Buyer Hall Capital Jgbs 1616, LLCGroveland Investment

GroupTreg P Warner

First Citizens Bancshares, Inc.

Treg P Warner

Seller Nina C Sivek N/A Dismas, Inc. Walter A StinsonRocky McElhaney

Law FirmUnited Neighborhood

Health Services

Date Sold March 2019 September 2017 June 2017 March 2017 September 2016 November 2015

Sale Price $1,592,656 $699,000 $1,850,000 $1,020,000 $3,000,000 $1,800,000

Size 2,288 1,376 3,928 2,028 6,425 3,520

Price / SF $696 $508 $471 $503 $467 $511

1

1 4

2 5

3 6

2

64

35

Page 14: 2004 21ST AVENUE SOUTH...Foundry Commercial has been retained as exclusive agent in the sale of 2004 21st Ave South, Nashville, TN (“the Property”). The asking price for the Property

foundrycommercial.com

2004 21 ST AVE SNASHV I L L E , TN

R ICK HE LTONRICK.HELTON@FOUNDRYCOMMERCIAL .COM

615.324.0785

DON ALBR IGHTDON.ALBR IGHT@FOUNDRYCOMMERCIAL .COM

615.771.0772