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Pitts Avenue Self Storage Partially Completed Development Opportunity
101 Pitts Avenue, Nashville, Tennessee 37138
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Property Info
Price: $
Units: 475
Year Built: Estimated C/O: 2027
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Download Marketing Package
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Broker Contact Info
Gabriel Coe
614.360.9041
Gabriel.Coe@marcusmillichap.com
Opportunity
The Market
Investment
Map
Nashville, Tennessee Partially Completed Self-Storage Development Opportunity
POPULATION
In 2025, the population in your selected geography is 131,047. The population has changed by 15.04 percent since 2010. It is estimated that the population in your area will be 137,345 five years from now, which represents a change of 4.8 percent from the current year. The current population is 48.2 percent male and 51.8 percent female. The median age of the population in your area is 40.0, compared with the U.S. average, which is 40.0. The population density in your area is 1,667 people per square mile.
HOUSEHOLDS
There are currently 57,485 households in your selected geography. The number of households has changed by 21.65 percent since 2010. It is estimated that the number of households in your area will be 60,737 five years from now, which represents a change of 5.7 percent from the current year. The average household size in your area is 2.3 people.
INCOME
In 2025, the median household income for your selected geography is $81,215, compared with the U.S. average, which is currently $78,171. The median household income for your area has changed by 57.05 percent since 2010. It is estimated that the median household income in your area will be $89,408 five years from now, which represents a change of 10.1 percent from the current year.
The current year per capita income in your area is $42,728, compared with the U.S. average, which is $41,680. The current year’s average household income in your area is $99,872, compared with the U.S. average, which is $103,571.
EMPLOYMENT
In 2025, 78,131 people in your selected area were employed. The 2010 Census revealed that 64.3 percent of employees are in white-collar occupations in this geography, and 17.7 percent are in blue-collar occupations. In 2025, unemployment in this area was 3.0 percent. In 2010, the average time traveled to work was 28.00 minutes.
HOUSING
The median housing value in your area was $366,188 in 2025, compared with the U.S. median of $333,538. In 2010, there were 31,142.00 owner-occupied housing units and 16,112.00 renter-occupied housing units in your area.
EDUCATION
The selected area in 2025 had a lower level of educational attainment when compared with the U.S averages. 34.1 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 13.7 percent, and 8.0 percent completed a bachelor’s degree, compared with the national average of 21.2 percent.
The number of area residents with an associate degree was higher than the nation’s at 14.6 percent vs. 8.8 percent, respectively.
The area had fewer high-school graduates, 1.8 percent vs. 26.1 percent for the nation, but the percentage of residents who completed some college is higher than the average for the nation, at 33.6 percent in the selected area compared with the 19.6 percent in the U.S.
• Nashville, Tennessee Partially Completed Self-Storage Development Opportunity
• Site Work is Complete and Concrete Building Pads are Installed – Project is Ready to Go Vertical
• Located Approximately 15 Miles Northeast of Downtown Nashville in the Growing Neighborhood of Lakewood
• 54,800 Net Rentable Square Feet Once Completed
• Planned Development Consists of 10 Single-Story Drive-Up Self-Storage Buildings and One Leasing Office
• 162 Climate Controlled Units, 313 Non-Climate Controlled Units, and One Office Space
• Excellent Visibility Along Both Pitts Avenue and Old Hickory Boulevard (TN-45) – 30,260± Vehicles per Day
• Dense & Growing Population Base: 131,047 Residents Within a Five-Mile Radius, With Population Growth Exceeding 15% Since 2010 and Continued Growth Expected Over the Next Five Years
• Affluent Market: $104,788 Average Household Income Within a Five-Mile Radius, Exceeding the National Average
Surrounded by Numerous Residential Neighborhoods, Restaurants, Retail Stores, Churches, Schools, Businesses, and More
