.94 Acres Zoned CPUD
The Rivergate / Hendersonville Submarket of Nashville, which runs from East Nashville to the northeastern end of Metro Nashville, has experienced steady growth throughout this economic cycle. Thanks to a low supply of new construction, pricing and vacancies have remained stable in the region.
ABOUT THE CORRIDOR
Conference Drive runs approximately 1.8 miles between Gallatin Pike North and Long Hollow Pike, connecting Madison / Rivergate to Goodlettsville. With easy access to Vietnam Veterans Boulevard and I-65, this parcel is only 10 minutes from downtown even though it is a 10 mile drive.
ABOUT 0 CONFERENCE DRIVE
0 Conference Drive is a .94 acre parcel located just off of Conference Drive between Rivergate and Goodlettsville. The lot features 223’ of frontage on Northcreek Boulevard (dimensions 223’ x 220’ x 155’ x 207’) and 16’ of fall from the northwest corner to the southeast corner. Zoned CPUD, the lot allows for a wide range of commercial uses. Please refer to Goodlettsville’s Land Use Activity Matrix here.
KEY METRICS ON THE RIVERGATE / HENDERSONVILLE SUBMARKET
Avg. Market Rent (Office) per Square Foot: $21.53
Vacancy Rate: 5.2%
Avg. Months on Market 6.8
Avg. Market Sale (Office) Price per Square Foot: $159
Avg. Market Sale Price: $1.5 Million
Market Cap Rate 7.3%