24Harding Motel Conversion Opportunity

24Harding Motel Conversion Opportunity

Nashville, TN
  • Property Type: Apartments
  • Year Built : 1974
  • Property Size: 26,420 SF / 124 Units


Capstone Apartment Partners is pleased to present the 24Harding Motel Conversion Opportunity, a hotel redevelopment opportunity located in Nashville, Tennessee. Currently operated as a 124-key independent hotel, the asset presents an exceedingly rare opportunity to reposition the existing property into a rental apartment community. The lower construction and redevelopment costs allow developers to provide attainable housing without incurring the expenses that exist with ground-up construction, while potentially benefiting from assistance provided by the Metro Government of Nashville, who have demonstrated heavy interest in providing much needed attainable living options. In fact, this property currently has a government contract that is renewed annually, and revenue from the contract is based on room occupancy.  The incredible accessibility to the employment nodes of downtown Nashville and the Southeast submarket, in addition to the strength of the surrounding multi-family fundamentals, make the asset an appealing investment opportunity.

Investment Highlights

  • Rare Apartment Redevelopment Opportunity
  • Nashville’s Desire for Affordable Housing            
  • Existing Government Lease
  • Unbeatable Accessibility 

Contact Information

Austin Heithcock Senior Advisor P: 615.477.1971
O: 800.746.3175 ext. 7021
Adam Klenk Managing Director P: 615.861.9906
O: 800.746.3175 ext. 7006
Jordan Arand Investment Sales Advisor P: 815.291.9250
O: 800.746.3175 ext. 7047