The Fed Building

  • 18,500 Square Feet
  • Office
  • For Sale

Summary Description

Colliers International is pleased to present the rare opportunity to acquire the former Federal Reserve Bank Building, a Nashville landmark facility in the emerging boutique hotel and Alley District, and the adjacent 4 story historic office building, immediately contiguous to the planned luxury 21c Museum Hotel. Prominently positioned in the central core with superb access to interstates and all city amenities, the offering presents the opportunity not only to gain entry into the exciting urban activity center of Nashville with two coveted facilities in exceptional location, but also to realize significant value appreciation through redevelopment, both long-term and in the immediate future. > FORMER FEDERAL RESERVE BANK BRANCH 226 3rd Avenue North Nashville, TN 37201 > TOTAL BUILDING AREA +/- 18,500 SF 3 Full floors and mezzanine floor Full basement > SITE DIMENSION 48’ x 112’ > YEAR BUILT 1922 > ZONING Downtown Code: Capitol Mall Redevelopment District; Core Historic sub-district Current Use: Single family dwelling > HIGHLIGHTS - IRREPLACEABLE ASSET • Iconic landmark structure of the Neo-Classical style graced with four stately and elegant limestone columns and portico. • Designed as the Nashville branch of the Federal Reserve Bank of Atlanta by architectural firm of Marr and Holman, who also designed the Noel Hotel, US Post Office (now known as the Frist Center), TN Supreme Court Building, and numerous notable public courthouses and university facilities. • Facility offers exciting redevelopment opportunities and/or prestigious single purpose use. > CENTRAL BUSINESS DISTRICT LOCATION • The centerpiece of the developing Alley and boutique hotel district • Immediately adjacent to the future 21c Museum Hotel • Located across from the 325 space NCB Garage and Indigo Hotel • Within 1 block of Metro-Davidson County Courthouse & Public Square/Parking Garage, UBS Tower, world-famous Printer’s Alley • 2 blocks from the Cumberland River and Park 227 2nd Avenue North: > BUILDING ADDRESS 227 2nd Avenue North Nashville, TN > TOTAL BUILDING AREA +/- 15,820 SF 4 Floors of 3,164 SF and a basement > SITE DIMENSION 28’ x 114’ > YEAR BUILT 1911 > ZONING Downtown Code: Second Avenue Historic District Current use: Law firm offices > HIGHLIGHTS - IRREPLACEABLE ASSET • 4 Story office building immediately adjacent to 21c Museum Hotel site • Unparalleled views of Metro-Davidson County Courthouse and Park Plaza. The building has excellent views with windows facing North & East, overlooking the Cumberland River and Riverfront Park. • Facility offers joint redevelopment opportunity with the 226 Third Avenue Building or as a free-standing structure in the Second Avenue Historic District. • Strategic value enhancement opportunities for leasing while planning for future redevelopment. > CENTRAL BUSINESS DISTRICT LOCATION • Core location in the 2nd Avenue historic district, bound by Second Avenue North/Union Street, with easy entrance access to interstates, the emerging Alley District (mixed use commercial/residential) and planned pedestrian alley walkways, the boutique hotel district, financial and hospitality neighborhood. • Surrounded by numerous parking options > URBAN DEVELOPMENT Facilities are situated amidst the extremely vibrant urban downtown central core with 5 new boutique hotels recently announced or underway within a 2 block radius. With the resurgence of demand and rent growth in the CBD and ongoing national attention focusing on Nashville, the offering represents a rare opportunity to invest into a world-class market.

Price: $4,000,000.00

Area Available: 18,500 Square Feet

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