Tuesday, April 2nd, 2024 April2nd2024

SOLD ALERT: Madison Retail Center Sold for $304/SF

Published on April 2nd, 2024

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:
  • 1019 Gallatin Pike S is an 11,526 SF, three tenant retail center.
  • Built in 1969 on .54 acre, the building is home to Don Julio Mexican Restaurant, Crickett Wireless and Ink Gallery Tattoo.
  • 38 parking spaces. 124’ of Gallatin Pike frontage with two curb cuts.
  • Two pylon signs.
  • Located between Mr. Transmission and Los 3 Volcanes Mexican Restaurant.
  • The property last traded in 1988.
  • The buyer put 15% down.
  • The property just sold for $3,500,000…the equivalent of $304/SF.

 


Get clarity on exactly what it would look like to sell your property in today’s market.  Get your free Seller Clarity Report now.


Let the comps speak for themselves…get the 3 comparable sales most like your property.  Get your comps now.


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