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:
- 1020-1024 Woodland Street is better known as the home of now-closed 3 Crow Bar which operated for 19 years.
- This Five Points property sale included land totaling 8,277 SF or .19 acres.
- Built in 1925
- Renovated in 2020
- 4,700 SF building
- 7 parking spaces
- Outdoor patio facing parking lot
- This corner property is bordered by Cumberland Hardware, 5 Points Diner and Bar and Five Points Pizza East.
- The buyer also owns Germantown’s popular cannabis-infused eatery Buds & Brews.
- The property last sold in 2005 for $375,000.
- The buyer put 22% down with financing from Millennium Bank in Chattanooga.
- The property just sold for $5,200,000…the equivalent of $1,106/SF.
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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