460 W Main St

CBRE is pleased to offer for sale a prime commercial re-development site located
in the heart of rapidly growing Hendersonville, Tennessee (Nashville metro). This
is an opportunity to acquire a zoned, pad-ready site suitable for a multitude of
commercial uses.
- Pad ready site – The Property provides a tremendous opportunity to leverage
off the improvements in place to save time and money related to site work
costs. The existing building was irreparably damaged in a recent tornado and
will be demolished but utilities, parking lot, and stormwater detention can be
re-utilized to speed up delivery times, limit construction risk, and save money
on horizontal infrastructure.
- Frontage along primary corridor - The Property boasts +/-500’ of frontage
along busy West Main Street with traffic counts of +/- 25,427 AADT.
- Dynamic growth in the immediate area and submarket –
Hendersonville has seen robust residential and commercial growth over the
past decade and demand for retail and lack of available space has put upward
pressure on rents. The current submarket vacancy rate is 1.6% and average rents
have grown 1.3% in the past twelve months to $24/SF.
- Commercial zoning – Current zoning allows for a wide variety of commercial
uses including retail, restaurants, medical, and hospitality; and provides for the
conditional use of self-storage and light industrial.