206A E Palestine Ave Madison, TN $ 1,950,000
206A E Palestine Ave
$ 1,950,000
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206A E Palestine Ave

Madison, TN, 37115
$ 1,950,000
Bedrooms-- Baths-- Sq 1,615

Monthly Estimate*

$ 12,006

206A E Palestine Ave, Madison, TN 37115 - Image 1
206A E Palestine Ave, Madison, TN 37115 - Image 2
206A E Palestine Ave, Madison, TN 37115 - Image 3
206A E Palestine Ave, Madison, TN 37115 - Image 4
206A E Palestine Ave, Madison, TN 37115 - Image 5
206A E Palestine Ave, Madison, TN 37115 - Image 6
206A E Palestine Ave, Madison, TN 37115 - Image 7
206A E Palestine Ave, Madison, TN 37115 - Image 8
206A E Palestine Ave, Madison, TN 37115 - Image 9
206A E Palestine Ave, Madison, TN 37115 - Image 10
206A E Palestine Ave, Madison, TN 37115 - Image 11

Commercial Property for sale in Madison, TN

for $1,950,000. This 1,615 square foot building was built in 1983 on a lot size of 0.2.

This once in a lifetime offerings is for 10 units covering over 3 buildings. All units are currently rented and have been renovated. Also new roofs recently done and each unit has separate utility meters to lower owner cost. Super upside exists to increase rents plus 2 units currently approved via VA/VASH housing program increasing rents to $1550.00. Excellent location with close proximity to major highways, approximately 7 miles to downtown Nashville, Vanderbilt Medical and so much more. New shopping center coming to Madison as well. First floor residents have covered porch while second floor residents have outside deck. Plenty of parking and exception yard space as well. Make up each building will be 4 per building and 2 units in one other building. Each unit has wood burning fireplace, spacious kitchen and inside laundry hookups, also a very rare feature for units in the area. 5 seperate property id's means you can sell of each duplex if desired at a later time but this property is generating excellent returns with only more to come in the future.

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Commercial Active

Price

$ 1,950,000

Property Type

Commercial

Taxes

$ 0

Style

Mixed Use

Lot Size

0.2

Year Built

1983

Town/City

Madison

County/Region

Davidson

MLS | Web ID

3173164

Features
General
Zoning RES
Year Built 1983
Property Subtype Mixed Use
County Davidson County TN
Property Type Commercial Sale
Status Active
Directions Briley Parkway to Gallatin Pike S. Right to E Palestine.
City Madison
Lot Size Units Acres
Property Attached Y/N N
Building Area Units Square Feet
Standard Status Active
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Exterior
Total Parking 0
Lot Size Area 0.2
Building Area Total 1615
Lot Size Acres 0.2
Lot Size Source Assessor
Waterfront Y/N N
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Interior
Air Conditioning Y/N N
Heating Y/N N
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Internal Only
Street Number 1 206
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* Excluded Features
List By
Coldwell Banker Southern Realty

Broker

edklem@cb-southernrealty.net

Email

Affordability Calculator

$12,006
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,006
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
245588 Elementary School
245705 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/11/2026$1,950,000 Listed Price

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206A E Palestine Ave, Madison, TN, 37115 is a Commercial Property for sale at $1,950,000 with 1,615 sqft and a lot size of 0.2. 206A E Palestine Ave was built in 1983. The property's zip code is 37115 which is in Madison, TN