Tuesday, October 25th, 2022 October25th2022

Sold Alert: Lebanon Retail Building Sold for $473/SF

Published on October 25th, 2022

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

 

 

  • 1719 W. Main Street is the former US Community Credit Union building.
  • The 5,179 SF building sits on a .62 acre corner lot.
  • Located within the retail development known as Lebanon Center on an out parcel in front of Publix and next to Lebanon Dental Care and OPMT Vision Center.
  • The building is just 11 years old.
  • 3 drive thru lanes.
  • Well parked with 32 parking spaces (6.2 spaces/1,000 SF).
  • The buyer put 5% down with financing from FirstBank at 5.3% interest for 30 years.
  • The property just sold for $2,450,000…the equivalent of $473SF.

 

 


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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