2702 Greystone Rd, Nashville, TN 37204

Property Description

Adjacent land at 2700 Greystone also available for purchase adding an additional .35 acres Redevelopment Opportunity: Prime infill site in Nashville with potential for 3–4 story mixed-use redevelopment. Preliminary site plan supports 47 residential units plus ground-floor retail. Land Basis: Offered at $3,500,000 total site cost. Strong upside for developers targeting condo sellout or mixed-use rental hold. Conceptual Program: ±40,280 SF gross; ~32,000 RSF residential, ~8,000–10,000 SF retail. Unit mix includes studios, 1BR, and 2BR formats. Parking: 40 spaces on-site. Additional leased parking nearby may be secured for higher density options. Financials: Existing single-tenant office provides interim income. Profit & loss statement available. Market Drivers: Located in a rapidly growing Nashville submarket with strong demographics, new infill residential, and demand for boutique condo/retail product. Pro Forma Returns: At base case condo pricing ($575/SF), projected exit of ~$20M. Upside scenario ($625–650/SF) supports 20%+ IRR for equity investors. Flexible Exit Strategies: Works as condo sellout, boutique multifamily rental, or repositioned mixed-use asset.