Tuesday, March 19th, 2024 March19th2024

SOLD ALERT: East Nashville Retail Property Sold for $812/SF

Published on March 19th, 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:
  • A Five Points residential property with attractive commercial zoning recently sold for full asking price.
  • 116 South 11th Street consists of two buildings totaling 3,076 SF.
  • The 50’x170’ land parcel totals .19-acre.
  • “American foursquare” design.
  • Both buildings were updated in 2021.
  • At time of sale, Ashley Khristine Fitness operated from the property.
  • Located across from Fanny’s House of Music, the property is zoned both CL (Commercial Limited) and MULA which allow for office, retail, restaurant and hospitality uses.
  • The buyer put 25% down with a $1.75M note coming from FirstOak Bank at 6.6% interest.
  • The seller also provided a second position, two year note for $150,000 at the same interest rate.
  • The property last sold in 1996 for $73,000.
  • On the market for 74 days, the property just sold for $2,499,000…the equivalent of $812/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