Self-Storage Facility
Nashville MSA Development
3515 Pin Hook Rd, Nashville, TN 37013
Listing Price: $1,000,000
Investment Overview
Marcus & Millichap is pleased to present a rare development opportunity in the Nashville MSA, situated on approximately 3.11 acres at 3515 Pin Hook Road, Nashville, TN 22331. The site is zoned CS Commercial and has been approved for a three-story, 40-foot-high self-storage facility. The property is offered as raw land.
Strategically located at the intersection of Pin Hook Road and Murfreesboro Pike, the site boasts exceptional visibility to approximately 27,140 vehicles per day on Murfreesboro Pike. Nearby, you'll find a mix of single-family and multi-family developments, contributing to the strong demographics of the area. Within a 3-mile radius, the population is projected to grow by 12.8%, reaching 78,143 people in 2028. Expanding the radius to 5 miles, the population is expected to increase by 11.8%, reaching 171,443 in the same year. According to the 2010 Census, 61.1 percent of employees in this geography hold white-collar positions, while 19.9 percent are in blue-collar occupations. Unemployment rates in the immediate area remains below the national average at 3%.
While several competitors have entered the market in recent years, many of these projects have stabilized and are beginning to implement their ECRI programs. Despite this supply, demand in the trade area remains robust with the current supply index at 7.4, per Radius+. Only one facility is currently in lease-up and, with no additional significant developments planned or in progress, this development opportunity is poised to take advantage of the current and upcoming market dynamics.
This project's strategic location and the potential to offer modern amenities position it well to capture a significant market share and achieve long-term financial success. The seller is open to various deal structures but prefers an outright sale of the land.
Investment Highlights
- High Density infill site with 69,250 in a 3-mile and 153,655 in a 5-mile radius
- Growing residential area of the Nashville MSA with multiple residential developments in progress in the trade area
- Opportunity to build Class A multi-story, institutional grade facility with excellent visibility and display of signage
- High Traffic Visibility to Murfreesboro Pike with 27,140 vehicles per day
- The local economy is stable, buoyed by the manufacturing, healthcare, and education industries
Exclusively Listed By
Listing Price: $1,000,000
Investment Highlights
- High Density infill site with 69,250 in a 3-mile and 153,655 in a 5-mile radius
- Growing residential area of the Nashville MSA with multiple residential developments in progress in the trade area
- Opportunity to build Class A multi-story, institutional grade facility with excellent visibility and display of signage
- High Traffic Visibility to Murfreesboro Pike with 27,140 vehicles per day
- The local economy is stable, buoyed by the manufacturing, healthcare, and education industries
Investment Overview
Marcus & Millichap is pleased to present a rare development opportunity in the Nashville MSA, situated on approximately 3.11 acres at 3515 Pin Hook Road, Nashville, TN 22331. The site is zoned CS Commercial and has been approved for a three-story, 40-foot-high self-storage facility. The property is offered as raw land. Strategically located at the intersection of Pin Hook Road and Murfreesboro Pike, the site boasts exceptional visibility to approximately 27,140 vehicles per day on Murfreesboro Pike. Nearby, you'll find a mix of single-family and multi-family developments, contributing to the strong demographics of the area. Within a 3-mile radius, the population is projected to grow by 12.8%, reaching 78,143 people in 2028. Expanding the radius to 5 miles, the population is expected to increase by 11.8%, reaching 171,443 in the same year. According to the 2010 Census, 61.1 percent of employees in this geography hold white-collar positions, while 19.9 percent are in blue-collar occupations. Unemployment rates in the immediate area remains below the national average at 3%. While several competitors have entered the market in recent years, many of these projects have stabilized and are beginning to implement their ECRI programs. Despite this supply, demand in the trade area remains robust with the current supply index at 7.4, per Radius+. Only one facility is currently in lease-up and, with no additional significant developments planned or in progress, this development opportunity is poised to take advantage of the current and upcoming market dynamics. This project's strategic location and the potential to offer modern amenities position it well to capture a significant market share and achieve long-term financial success. The seller is open to various deal structures but prefers an outright sale of the land.