Sold Alerts provide potential sellers with hard-to-get comparable sale information.
Go behind the scenes with this undisclosed, off-the-record transaction that may affect the value of your commercial property:
- 106 Bridge Street is better known as the longtime home of Anderson Auto Repair Shop.
- Located next to The History & Culture Center of Williamson County and across from The Harpeth Hotel, the property includes two buildings on .67 acres.
- The main building measures 2,480 SF and was built in 1951.
- The adjacent Quonset hut is of a similar vintage and measures 2,048 SF.
- This property is located on the outer fringe of downtown Franklin.
- The adjacent property at 108 Bridge Street sold for $7,000,000 in 2022.
- The property had not changed hands in 75 years.
- A portion of the property is in a floodplain.
- The buyer put 25% down with financing from Wilson Bank and Trust at 6.46% interest.
- The property just sold for $2,400,000…the equivalent of $530/SF of building or $82/SF of land.
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About Beau Beach, MBA CCIM
Beau is a battle-tested Commercial Real Estate Broker, entrepreneur, author and adoring father of four. His clients appreciate his no-nonsense demeanor and his legendary work ethic.
Beau leads Beachwood which is an elite commercial real estate brokerage for sellers in the Southeast.
He’s earned the revered “CCIM” designation which is awarded to the top 6% of all commercial real estate brokers.
He’s the author of the books The 3 Reasons: Why Most Commercial Properties Don’t Sell and True Wealth: What Every Seller Should Know About 1031 Exchanges.
Click to schedule a call with Beau or email to Beau@soldbybeachwood.com