Nashville Greyhound Terminal Listed for Redevelopment

Greyhound’s longtime home in downtown Nashville hit the market, opening the door to a major redevelopment play in one of the city’s most-watched neighborhoods.

Three parcels spanning 1.74 acres in Pie Town are being marketed for sale by Stream Realty’s Charlie Gibson, the Nashville Business Journal reported. The offering comprises the Greyhound bus terminal at 709 Rep. John Lewis Way South and two adjacent parking lots.

The site sits just south of the Korean Veterans Boulevard roundabout, offering direct proximity to the Gulch, SoBro and other fast-developing downtown districts.

The site is zoned for up to 16 stories of mixed-use development and generates short-term income from a lease with Greyhound.

It’s unclear whether the bus operator plans to remain in place long term. Greyhound was forced to relocate its terminal to Lafayette Street in 2012 after the city seized its previous location to make way for the Music City Center.

The parcels are owned by three entities: Twenty Lake Holdings, which bought the terminal in 2023 for $14.5 million; GLI Acquisition Company, which has held one of the lots since 1987; and Greyhound Lines itself, which still holds a stake in the site, the outlet said.

Stream is pitching the offering as a rare opportunity to control a large footprint in a part of downtown that’s finally seeing the kind of momentum long expected from its location.

The Greyhound listing joins a wave of new activity in the neighborhood, where investors have snapped up restaurant spaces, development parcels and high-rise sites over the past two years.

Once overshadowed by the breakneck pace of development in other districts like the Gulch and Wedgewood-Houston, Pie Town has recently drawn renewed interest from developers like CA South, SomeraRoad and Sila Developments. Nashville-based Sila bought a nearby half-acre parcel near the site of its planned Marriott hotel for $5.2 million last month.

The asking price hasn’t been made public, but the listing is expected to attract interest from out-of-state investors and locals alike, Gibson said.

— Judah Duke