1627 State Street represents one of Nashville’s most compelling shovel-ready development opportunities. Situated on 0.59 acres in the heart of the city’s most dynamic urban growth corridor, this trophy site is zoned MUI-A with an OV-UZO overlay—eliminating parking minimums and unlocking maximum buildable density. With allowable heights up to 150 feet and no residential density cap, the site is purpose-built for developers seeking to capitalize on Nashville’s sustained demand for urban living, hospitality, and mixed-use commerce. The property is strategically positioned among billions of dollars of adjacent and proximate development, anchored by major demand drivers that include Amazon’s new headquarters, Nashville Yards, and the city’s hospital district. This convergence of infrastructure, amenities, and momentum creates an irreplaceable foundation for a landmark, skyline-defining project. 1627 State Street sits at the intersection of Nashville’s most active development corridors, offering unmatched walkability and connectivity to the city’s top economic anchors:
• 1/2 mile from Amazon’s new Nashville headquarters — a major employment and economic catalyst for the surrounding area
• 200 feet from the Jim Reed development, a multi-hundred-million-dollar mixed-use project that will dramatically reshape the immediate streetscape
• 1 mile from Lower Broadway — Nashville’s global entertainment and hospitality epicenter, drawing millions of visitors annually
• 0.4 miles from Nashville’s hospital district, including Ascension Midtown and Tri-Star, creating sustained demand for workforce housing and medical-adjacent commercial uses
• 1 mile from Vanderbilt University — a world-class research institution and major employment center with a consistently undersupplied housing market
• 1/4 mile from the interstate — providing seamless regional connectivity for residents, employees, and logistics
• Steps from Nashville’s Midtown, Music Row, and The Gulch — core entertainment, corporate, and lifestyle districts
This concentration of demand drivers within a single walkable radius is exceptionally rare in any major U.S. market and positions 1627 State as one of the most strategically located development parcels currently available in Middle Tennessee.
• Multifamily Residential: Apartments, condominiums, and other high-density residential configurations are permitted with no maximum density cap, subject to building envelope and performance standards.
• Office: General, corporate, and medical office are permitted in any configuration, including tower formats.
• Retail & Consumer Services: Neighborhood retail, large-format commercial, restaurants, personal services, gyms, and medical clinics are all permitted as principal uses.
• Hospitality: Small to mid-scale hotel and short-term rental uses are permissible with conditions.
• Entertainment & Civic: Compatible entertainment venues, day care facilities, and community-serving uses are permitted.
The OV-UZO (Urban Zoning Overlay) removes all minimum parking requirements from the site. In a land-constrained urban infill market, this overlay is a significant financial and design advantage—eliminating costly structured parking requirements and maximizing buildable square footage. Developers can reallocate capital from parking structures to revenue-generating residential, retail, or hospitality program.
Within approximately ten blocks of 1627 State Street, Nashville has seen or is actively experiencing an unprecedented wave of high-profile development investment. This pipeline directly validates and amplifies the site’s value:
• Nashville Yards (Immediately North): One of the largest urban mixed-use redevelopments in Nashville’s history, comprising millions of square feet of Class A office, 2,000+ residences, hotel rooms, retail, and entertainment space. Currently under phased construction and anchored by Amazon.
• Modera Gulch — 810 Division St: 15-story mixed-use building with 376 residential units and ground-floor retail, delivered 2023.
• One22One — 1221 Broadway: 365,000 sq. ft. Class A office tower, completed 2022.
• Hyve Condominiums — 629 7th Ave S: 83-unit residential project, delivered 2023.
• The Pearl II, Lofts at Marathon, Sixth South: Ongoing multifamily and mixed-use projects that have materially increased residential density and commercial activity in the immediate area.
• Luxury Residential Pipeline: Multiple luxury condominium and apartment tower proposals across SoBro, Midtown, and The Gulch continue to drive pre-leasing momentum and urban vibrancy within walking distance.
This density of capital deployment confirms sustained institutional and private investor confidence in the submarket and creates the built-in synergy—retail demand, workforce supply, and urban vibrancy—those de-risks new development at 1627 State Street.
Given MUI-A zoning, 150’ height allowance, no parking mandate, and no residential density cap, the site supports a wide range of high-value development programs:
• High-Rise Multifamily Tower: 150+ units of luxury or workforce apartments or condominiums with ground-floor retail activation and rooftop amenities.
• Mixed-Use Office + Residential: Podium retail with mid-rise office floors and upper-level residential—capturing demand from multiple tenant categories simultaneously.
• Boutique Hotel + Branded Residences: Hospitality-led development capitalizing on Nashville’s world-class tourism demand and the proximity to Lower Broadway and Music Row.
• Life Sciences / Medical Office: Proximity to Ascension Midtown, Tri-Star, and Vanderbilt Medical Center supports a healthcare-adjacent commercial program with strong long-term occupancy fundamentals.
• Build-to-Rent or Workforce Housing: Institutional-grade rental community targeting Nashville’s rapidly growing professional workforce.
1627 State Street offers the rare combination of entitled, shovel-ready land in an irreplaceable location—eliminating entitlement risk and allowing a developer to move directly to design development and financing. The site’s MUI-A zoning, height allowance, parking waiver, and adjacency to Nashville’s highest-value demand generators make it among the most versatile and lowest-friction development opportunities in the current Middle Tennessee market.
This is not speculative land. This is a primed, permitted, trophy site in the direct path of Nashville’s next wave of urban growth.
Babloo Chacko
Coldwell Banker Southern Realty
