Corporate Surplus - Prime Nashville Area Commercial Property Madison, TN

Property Location MAP

491 Myatt Dr
Madison, TN 37115

Property #: KEY5145

Contact Agent

T. Wyatt Mast
Tranzon Atlas

731-610-2256 wmast@tranzon.com
Note: Online bidding will close on Thursday, November 6 at 12:00pm ET (11:00am CT)
 
Exceptional commercial/industrial property located on 491 Myatt Drive, one of North Nashville’s very desirable industrial-commercial zones. The building offers approximately 5,313 SF on a well-configured 0.64 acre lot.
 
Zoned for restricted industrial use, this property benefits from strong vehicular access, visibility, and an ample on-site parking surface for customers and staff; all within minutes of downtown Nashville and major transport corridors. Ideal for a mix of retail, warehouse, showroom, or office uses.
 
A stable investment with upside potential through lease optimization, modernizations, and value-add repositioning.
  • 5,313 Square Foot Building on a 0.64 +/- Acre Lot
  • Strip Commercial Center: Flexible for Retail, Light Industrial, Office Use
  • Situated on Myatt Drive with High Traffic Counts and Proximity to I-65
  • Easy Access to Major Highways: About 25 Minutes to Nashville International Airport
  • Located in Nashville/Davidson MSA, Surpassing 2 Million Residents
  • Ideal for Owner-users, Tenants, or Investors Seeking Mixed-use Commercial Space
  • Scalable Asset with Redevelopment or Multi-tenant Lease-up Potential
  • Compact Site with Excellent Parking and Visibility 
  • Located in a Visible and Accessible Area for Customer and Supplier Traffic
  • High Visibility Pylon Sign
 
Parcel ID#: 4303001200
2024 Tax Assessment: $622,300
2024 Annual Taxes: $8,099.85
 
Note to Buyers: Closing will be handled by Fidelity National Title’s National Commercial Services Division in Phoenix, AZ with Seller paying for Buyer’s title insurance. Closings are normally done remotely.
 
Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.

Tranzon Asset Advisors, Tim Mast, TN Broker and Auctioneer #5252

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact T. Wyatt Mast

T. Wyatt Mast: Tranzon Atlas

731-610-2256 wmast@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 40-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: Online registration requires $9,900 hold on a valid credit card. The hold will be released post-auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
  • Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

See terms and conditions in the property information package.

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