160 2nd Ave N 311, Nashville, TN 37201, Nashville, 37201 - 3 bed, 3 bath
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Nashville, TN 37201
This Prime NOO STR Investment Asset is listed at $1,800,000, aligning perfectly with its $1,800,000 Fair Market Value. As a luxury redevelopment of a historic loft building, the property boasts a Pristine Condition Rating with a projected 2027 completion. The strategic layout includes a flex room for 4-bedroom rental capacity, specifically designed to maximize nightly rates in Nashville's tourism epicenter. Featuring stunning Cumberland River views and a fitness center with sauna, this high-floor unit offers significant revenue potential. This is a sophisticated acquisition for Short-Term Rental Investors or Luxury Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 160 2nd Ave N 311 Subject | $1,800,000* List Price | 3 | 3 | 1,560 | $1,154 | - |
A 160 2nd Ave S 1905 Sold | $1,487,500 | 1 | 2 | 1,171 | $1,270 | 0.0 mi |
B 160 2nd Ave S 1905 Sold | $1,487,500 | 1 | 2 | 1,171 | $1,270 | 0.0 mi |
C 160 2nd Ave S 2205 Sold | $1,485,000 | 1 | 2 | 1,171 | $1,268 | 0.0 mi |
D 160 2nd Ave S 2205 Sold | $1,485,000 | 1 | 2 | 1,171 | $1,268 | 0.0 mi |
E 160 2nd Ave S 1903 Sold | $1,308,333 | 1 | 2 | 1,009 | $1,297 | 0.0 mi |
F 160 2nd Ave S 1803 Sold | $1,319,000 List Price | 1 | 2 | 1,009 | 0.0 mi | |
G 160 2nd Ave N 300 Active | $1,540,000 List Price | 3 | 2 | 1,346 | $1,144 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a comprehensive luxury redevelopment of a historic building, effectively functioning as new construction with an estimated completion in 2027. The interior features high-end modern finishes, including a designer kitchen with waterfall countertops, premium appliances, contemporary pendant lighting, and wide-plank flooring. All mechanical, electrical, and plumbing systems will be brand new, meeting the highest current quality standards with no deferred maintenance.
Situated steps from Broadway with Non-Owner Occupied (NOO) short-term rental eligibility, this property is in Nashville's highest-demand tourism hub, ensuring maximum occupancy potential.
The unit features a strategic flex room that functions as a fourth bedroom for short-term rental purposes, significantly increasing nightly rate potential and appeal for large groups.
The development offers high-end communal spaces including a state-of-the-art fitness center with a sauna, a central atrium, and multiple terraces with views of the Cumberland River and Nissan Stadium.
With an estimated completion date of April 2027, investors face a significant multi-year waiting period before the asset can begin generating cash flow.
The monthly association fee of $1,170 is substantial, which may impact the net return on investment and increase the break-even threshold for rental operations.
Over 60% SOLD! NOO STR WALK TO BROADWAY! Welcome to The Heritage at Broadway, Nashville’s most exciting NEW short-term rental development. Located on historic 2nd Avenue, just steps from the iconic Broadway, this extraordinary project blends timeless architectural charm with modern luxury. Nestled in the epicenter of Music City, this turn-of-the-century loft building offers a one-of-a-kind experience for both guests and investors. With stunning views of the Cumberland River, Nissan Stadium, and the city skyline—including the iconic “Batman Building" – The Heritage offers an unparalleled location. Enjoy direct access to hundreds of bars, restaurants, and entertainment venues, along with easy connectivity to top attractions like the Titans Stadium and the vibrant riverfront. This is your chance to invest in Nashville’s thriving short-term rental market or secure a luxurious urban retreat. The Heritage consists of 50 non-owner occupied short-term rental eligible units ranging from 1-4 bedrooms, retail space on the first floor, a state of the art fitness center with sauna, business center, indoor-outdoor amenity space on the 5th floor overlooking the Cumberland River and Nissan Stadium, a second public terrace on the 4th floor overlooking 2nd Ave, business center and a BEAUTIFUL 2nd floor atrium! Contact agent for a full list of available units! This unit has a flex room that will act as a 4th bedroom for STR purposes! This building is being renovated on floors 1-3 and floors 4 & 5 will be new construction. Estimated completion date April 2027.
No exterior & parking available.
Grades PK-4 • 1.8 mi
Grades 5-8 • 2.6 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 1.0 | 89% |
| Baths | 3.0 | 2.0 | 89% |
| Square foot | 1,560 | 1,090 | 83% |
| Lot Size | 17,860 | 871 | 94% |
| Price | $1.80M | $883.8K | 94% |
| Price per sq ft | $1.2K | $668 | 67% |
| Built year | 1900 | 2008 | 11% |
| HOA | $1170 | $760 | 56% |
| Days on market | 593 | 322 | 78% |
Sep 6, 2024
$1,800,000
Initial Listing