Sagemont has listed a rare large-scale development site in one of Nashville’s most active and rapidly evolving districts. Sitting on 1.64-acres, 520 Merritt Avenue is an existing warehouse structure located in central Wedgewood-Houston. With pricing guidance starting around $11 Million, Sagemont is offering buyers the opportunity to participate in the neighborhood’s next phase of growth. The project is bordered by the recent mass-timber office by Hines and the upcoming Merritt Mansion mixed-use project by AJ Capital Partners.
“Wedgewood-Houston has evolved into one of Nashville’s most dynamic urban neighborhoods, blending creative culture, luxury retail, and dense residential growth,” said Trent Yates of Sagemont. “520 Merritt Avenue is one of the last remaining opportunities of its size in the district, offering both immediate functionality and long-term upside in a location that continues to attract national attention.”
520 Merritt Avenue sits amid multiple institutional developments, with active mixed-use, residential, office, and retail developments on all sides. The site’s scale, visibility, and connectivity make it ideally suited for residential, adaptive reuse, or mixed-use development, while also offering near-term income and activation potential.
The property includes an existing ±25,000-square-foot building and one of the largest surface parking fields in Wedgewood-Houston, allowing for immediate retail or food-and-beverage use while preserving long-term redevelopment flexibility. The site is currently zoned IWD, consistent with the district’s industrial heritage, with surrounding parcels having successfully rezoned to support higher-density and mixed-use development.
The neighborhood’s momentum is underscored by major nearby investments, including AJ Capital’sWedgewood Village and Live Nation venue, Somera Road’s Martin & Merritt hotel and residential development, and Hines’ Finery project, which together are delivering hundreds of thousands of square feet of office, retail, residential, and entertainment space. High-profile tenants such as Hermès, Soho House, Pastis, Aba, and Apple Music have further elevated Wedgewood-Houston’s profile as a premier destination for culture, hospitality, and high-end retail.
Located within an Opportunity Zone, 520 Merritt Avenue also offers potential tax advantages for qualifying investors, enhancing the site’s appeal amid sustained demand for well-located urban development opportunities. The property is being marketed by Sagemont Real Estate, which maintains an active presence in Wedgewood-Houston with current listings including 622 Hamilton Avenue for sale, 469 Chestnut Street for lease, as well as additional properties throughout the district.
For any inquiries into this opportunity, visit the Sagemont website using the link (here).
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