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Listed by Gabriela Lira Sjogren • Compass RE
$ 25,000,000
Est. payment | /mo
32,000 SqFt
$ 25,000,000
Est. payment | /mo
32,000 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 32,000 sqft
Price per Sqft $781
MLS Listing ID 3622704
Property Sub-Type Mixed Use
Property Description
209 Printers Alley is a fully renovated, historic mixed-use asset positioned in the heart of Downtown Nashville's entertainment district. Originally constructed in 1890 and extensively restored and improved between 2017 and 2026, the Property comprises approximately 32,000 square feet across six levels. The asset offers a rare combination of in-place STR income and turnkey, value-add hospitality and food-and-beverage potential in one of Nashville's highest-demand pedestrian corridors. The upper floors operate as Majestic Lofts, a collection of 11 premium STR units finished with high-end interiors and privacy-driven layouts in which nearly every bedroom includes an en-suite full bathroom. The operation has earned a strong hospitality reputation with more than 1,000 five-star reviews and “Guest Favorite” status on major booking platforms, supporting consistent repeat visits. At less than 40% in-place occupancy, the units offer meaningful runway for revenue growth under professional management. The two lower levels are fully built out and delivered turnkey for food-and-beverage and event use, with dual street frontage on 3rd Ave N (±5,700 SF) and historic Printers Alley (±4,000 SF) that allows for single- or dual-tenant configurations. Most recently restored and outfitted as a historic events venue across three distinct spaces, the commercial component is currently unleased and has not been actively or soft marketed since renovation completion in 2025 — presenting immediate value-add upside through lease-up, repositioning, or direct activation. All major utilities are separately metered. Please contact Mike Jacobs with Avison Young to arrange a tour or for further information. He can be reached at mike.jacobs@avisonyoung.com or 615-491-0405.
Location
State TN
County Davidson County
Zoning DTC
Interior
Fireplace N
Others
Special Listing Condition Standard
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