Avison Young has been tapped by Cornerstone Financial Credit Union to market a 1.32-acre development site located at 1701 21st Avenue in Nashville. The property, which encompasses a four story, 30,359-square-foot 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 of Avison Young’s Capital Markets Group alongside Lisa Maki and Mike Jacobs.
The property has served as Cornerstone Financial Credit Union’s headquarters for over 40 years. In a release, Avison Young suggests that 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.
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