Avison Young brings rare 1.32-acre site with redevelopment opportunity in Nashville to market for $15 million

The site is situated directly across from Vanderbilt University in Hillsboro Village

Nashville, TN – Global real estate advisor Avison Young has been tapped by Cornerstone Financial Credit Union to market a 1.32-acre development site located at 1701 21^st Avenue in Nashville. The property, which encompasses a four story, 30,359-square-foot (sf) office building and over an acre of parking lot/vacant land has been listed at $15 million.

The listing is being spearheaded by Jordan Powell, Vice President of Avison Young’s Capital Markets Group alongside Principals Lisa Maki, who is also Managing Director of the firm’s Nashville office and Mike Jacobs.

Located in the heart of Hillsboro Village directly across from Vanderbilt University with extensive frontage along 21st Avenue, the property has served as Cornerstone Financial Credit Union’s headquarters for over 40 years. The buyer could renovate the existing office building, which will be delivered vacant, to attract new tenants, develop a new mixed-use development entirely or a combination of the two.

“Given the substantial parcel size and existing quality office building already on site, we see this as an opportunity for a multi-phase development where retail or multifamily can be developed adjacent to the existing office building,” said Powell. “Sites of this size that offer a blank canvas for a buyer are few and far between so we’re excited to bring this to market on behalf of Cornerstone.”