Tuesday, September 20th, 2022 September20th2022

Sold Alert: 57-Year-Old Retail Property Sold for $260/SF

Published on September 20th, 2022

Sold Alerts provide potential sellers with hard-to-get comparable sale information.

 

 

  • 121 Oak Valley Drive is a 3,981 SF retail property that was built in 1965.
  • At time of sale, the property was occupied by Salon OV Hair Studio.
  • The dated masonry building sits on a .41 acre (17,860 SF) parcel of land…about a block off Dickerson Pike in East Nashville.
  • 10 parking spaces.
  • Zoned CS (Commercial Services).
  • The property is sandwiched between a residential home and the former Oak Valley Bowling Lanes.
  • This is one of the northernmost properties in East Nashville almost reaching I-65.
  • The transaction was fully financed by Volunteer State Bank.
  • A renovation is expected.
  • The property just sold for $1,035,000…the equivalent of $260/SF.

 

 


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About Beau Beach, MBA CCIM

Beau is a battle-tested Commercial Real Estate Broker, entrepreneur and adoring father of four. His clients appreciate his no-nonsense demeanor and his legendary work ethic.

Beau leads Beachwood which is a nationwide commercial real estate brokerage for sellers…with emphasis in Nashville and 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