9.5-Acre Dev. Site Near Gaylord Opryland | 2444 Music Valley Dr
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9.5-Acre Dev. Site Near Gaylord Opryland 2444 Music Valley Dr Terrain Vente aux enchères en ligne Nashville, TN 37214
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 2444 Music Valley Drive presents 9.5 acres, previously home to various retail/ specialty entertainment sites.
- Premier destination site for a prime redevelopment opportunity, benefiting from Nashville’s vibrant attractions and robust consumer spending.
- Frontage along Briley Parkway/ TN 155 sees a traffic count of more than 59,300 cars passing daily, ideal for the prominent pylon signages.
- Near the Gaylord Opryland Convention Center and next to the Opry Mills Outlet Mall and the Grand Old Opry.
- 10 miles east of downtown and 7 miles north of the Metropolitan Nashville International Airport, Music Valley is a world-class entertainment hub.
RÉSUMÉ ANALYTIQUE
Welcome to 2444 Music Valley Drive, a 9.5-acre site currently improved by various specialty commercial operations and presented exclusively with Cushman & Wakefield as a hidden gem of a Nashville redevelopment opportunity.
Located next to the Opry Mills Outlet Mall, the Grand Old Opry, and multiple hotels, this fantastic piece of land is ready to be repurposed and serve Downtown Nashville's busy retail and tourism corridor. The three-parcel site is home to a putt-putt golf course, a camping world space, a go-kart track, and a local pizzeria. The camping rental space and pizzeria are on month-to-month leases, and the putt-putt course and go-kart business have closed, presenting an easy ownership and redevelopment transition. The site has prominent pylon signage for the active businesses, as well as a large, third-party rented media billboard on the front of the property.
Located in Music Valley at Opryland, just Northeast of Nashville, this 9.5-acre site on Music Valley Drive has Briley Parkway (TN 155) frontage. It is minutes away from Downtown Nashville and Nashville International Airport. Adjacent to the Gaylord Opryland, Middle Tennessee’s second-largest convention center, and hosts over 2 million people annually, the property is surrounded by Nashville’s most popular destination for shopping, dining, entertainment, and hospitality. The subject’s proposed uses to convert to hospitality, auxiliary conventional retail, or child-friendly entertainment are heavily supported by the neighboring anchors of the Gaylord Opryland Resort and Convention Center.
Music Valley is perhaps best known for approximately 12 budget hotels and Cooter’s, a museum commemorating the American action-comedy television series The Dukes of Hazzard (1979 to 1985). The 2023 visitor spending of $10.56 billion is a substantial 5.9% increase over 2022. Forecasts show visitor spending growing to $10.84 billion in 2024 and $12.07 billion by 2027. Travel accommodations, food and beverages, and recreation are the top three spending realms, aligning with the site’s space and capabilities.
According to Nashville Convention & Visitor Corp., the city saw a record of 16.8 million visitors last year, a 4% increase. The latest forecast from Tourism Economics shows that the city’s hospitality industry continues to thrive, creating economic activity for Nashville and outpacing the rest of the country. In tourism economics, about 64% of visitors are leisure travelers and 36% are those who come for conventions and business meetings.
Property tours are available by appointment only. Please contact the broker to schedule.
Located next to the Opry Mills Outlet Mall, the Grand Old Opry, and multiple hotels, this fantastic piece of land is ready to be repurposed and serve Downtown Nashville's busy retail and tourism corridor. The three-parcel site is home to a putt-putt golf course, a camping world space, a go-kart track, and a local pizzeria. The camping rental space and pizzeria are on month-to-month leases, and the putt-putt course and go-kart business have closed, presenting an easy ownership and redevelopment transition. The site has prominent pylon signage for the active businesses, as well as a large, third-party rented media billboard on the front of the property.
Located in Music Valley at Opryland, just Northeast of Nashville, this 9.5-acre site on Music Valley Drive has Briley Parkway (TN 155) frontage. It is minutes away from Downtown Nashville and Nashville International Airport. Adjacent to the Gaylord Opryland, Middle Tennessee’s second-largest convention center, and hosts over 2 million people annually, the property is surrounded by Nashville’s most popular destination for shopping, dining, entertainment, and hospitality. The subject’s proposed uses to convert to hospitality, auxiliary conventional retail, or child-friendly entertainment are heavily supported by the neighboring anchors of the Gaylord Opryland Resort and Convention Center.
Music Valley is perhaps best known for approximately 12 budget hotels and Cooter’s, a museum commemorating the American action-comedy television series The Dukes of Hazzard (1979 to 1985). The 2023 visitor spending of $10.56 billion is a substantial 5.9% increase over 2022. Forecasts show visitor spending growing to $10.84 billion in 2024 and $12.07 billion by 2027. Travel accommodations, food and beverages, and recreation are the top three spending realms, aligning with the site’s space and capabilities.
According to Nashville Convention & Visitor Corp., the city saw a record of 16.8 million visitors last year, a 4% increase. The latest forecast from Tourism Economics shows that the city’s hospitality industry continues to thrive, creating economic activity for Nashville and outpacing the rest of the country. In tourism economics, about 64% of visitors are leisure travelers and 36% are those who come for conventions and business meetings.
Property tours are available by appointment only. Please contact the broker to schedule.
DATA ROOM Cliquez ici pour accéder à
- Operating and Financials
- Purchase Agreement
- Title and Insurance
INFORMATIONS SUR L’IMMEUBLE
| Type de bien | Terrain | Surface totale du lot | 3,84 ha |
| Sous-type de bien | Terrain commercial | Condition de vente | Vente aux enchères |
| Type de vente | Investissement | Type de propriété | Pleine propriété |
| Zonage | CS - Commercial Service | ||
| Type de bien | Terrain |
| Sous-type de bien | Terrain commercial |
| Type de vente | Investissement |
| Surface totale du lot | 3,84 ha |
| Condition de vente | Vente aux enchères |
| Type de propriété | Pleine propriété |
| Zonage | CS - Commercial Service |
1 LOT DISPONIBLE
Lot
| Surface du lot | 3,84 ha |
| Surface du lot | 3,84 ha |
2444 Music Valley Drive is a 9.5-acre site currently improved by various specialty commercial operations and ready for redevelopment to cater to the southern city's booming entertainment and tourist hub.
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TAXES FONCIÈRES
| Numéro de parcelle | 062-00-0-151 | Évaluation des aménagements | 119 154 € |
| Évaluation du terrain | 1 259 150 € | Évaluation totale | 1 378 304 € |
TAXES FONCIÈRES
Numéro de parcelle
062-00-0-151
Évaluation du terrain
1 259 150 €
Évaluation des aménagements
119 154 €
Évaluation totale
1 378 304 €
CONSEILLER EN VENTE
CONSEILLER EN VENTE
Jesse Lastofsky, Senior Associate
Jesse Lastofsky is a Senior Associate at Cushman & Wakefield who specializes in hotel investment sales throughout the Southeast, with his focus on the Gulf Region of the United States. Jesse began his Real Estate career with the Greenberg Hotel Group at Marcus & Millichap in 2021 as a Financial Analyst, where he analyzed, underwrote, and modeled over $2 billion worth of hospitality properties. He has analyzed properties ranging from $750,000 motels up to $50+ million waterfront resorts and has experience with limited-service, full-service, independent, and flagged hotels. When Greenberg and his team were brought over to Cushman & Wakefield to open the Southeast Hotel Group, Jesse transitioned from the Financial Analyst role to an investment sales position.
À PROPOS DE LA TECHNOLOGIE DES ENCHÈRES
Les enchères de Ten-X reposent sur une technologie de pointe pour les transactions en ligne dans le secteur de l’immobilier d’entreprise, ayant généré un total de plus de 34 milliards de dollars de transactions. Grâce à l’utilisation de cette technologie avancée et d’informations sur les actifs en temps réel, Ten-X positionne au mieux vos annonces pour trouver l’acquéreur idéal. Avec un processus d’enchères très rapide, une due diligence complète et la vérification des acquéreurs, les transactions sont conclues deux fois plus vite et avec deux fois plus de fiabilité pour les brokers, les propriétaires et les investisseurs.
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CONTACT POUR LES ENCHÈRES
Pace Zambito
Contact
Licence du commissaire-priseur :
Ten-X Arlene Richardson RE Brkr 265318. (888) 952-6393
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CARTE
Barême de frais de transaction
Basée sur le pourcentage du montant de l’enchère gagnante.
Montant de l’enchère gagnante
Frais de transaction
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Exemple de calcul
Montant de l’enchère gagnante
$4,000,000
Frais de transaction
$100,000 (2.5%)
Prix d’achat total
$4,100,000
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9.5-Acre Dev. Site Near Gaylord Opryland | 2444 Music Valley Dr
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9.5-Acre Dev. Site Near Gaylord Opryland | 2444 Music Valley Dr
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