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90,000-square-foot office building at the edge of the highly anticipated Nashville Yards development is up for sale with a $34 million price tag. Owner Magnolia Investment Partners is listing the property at 810 Broadway for $388 per square foot through Cushman & Wakefield's Crews Johnston, Charlie Gibson, and George Mullowney. The building's anchor tenant, law firm Morgan & Morgan, is relocating to a smaller space in One Nashville Place by July next year.

    The property's proximity to the Nashville Yards development, Lower Broadway tourism district, and Southern Baptist Convention headquarters makes it an attractive opportunity for potential buyers. Marketing materials suggest that the new owner could consider converting the building into apartments, a hotel, or restaurant space, reflecting Nashville's growing demand for mixed-use developments in high-profile locations.

    Magnolia Investment Partners purchased the 0.4-acre site for $16.5 million in 2021, and the listing price reflects the rapid appreciation of Nashville's real estate market over the past few years. This sale is part of a recent trend of record-setting real estate transactions in Nashville, including Arizona-based Fundamental Income Properties' purchase of a surface parking lot for $7,461 per square foot, one of the city's highest per-square-foot land deals to date.