**Nashville Parking Lot Hits Market for $26M Amid Surging Downtown Demand**
A prime piece of vacant land in downtown Nashville is up for sale with a steep asking price of $26 million. Located at 110 Fourth Avenue South, the 0.17-acre parcel currently operates as a parking lot. The lease with its current parking operator is set to expire in summer 2027.
The property is being marketed by Lewis Agnew and Bill Hawkins of the Charles Hawkins Co., a Nashville-based commercial real estate firm.
The land has been in the hands of the Todd family for more than 80 years, according to the Nashville Business Journal. Its location near Lower Broadway places it at the heart of a booming tourism and entertainment district, where property values have soared in recent years.
In 2023, another nearby parking lot sold for $16.25 million, reaching $7,461 per square foot—a record-breaking price for Nashville land. The ongoing demand for real estate in the area, especially proximity to nightlife and tourist attractions, continues to drive up prices significantly.
With limited downtown parcels still available, the 110 Fourth Avenue site represents a rare opportunity for developers or investors looking to stake a claim in one of the city’s most vibrant corridors.
