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- This is an interesting story of a rare commercial real estate “flip.”
- 2213 Bandywood Drive is best known by locals as the long-time home of The Lamp Store.
- In 1988 the owners of The Lamp Store paid $750,000 for the 11,325 SF, two-story building and the 0.41 acres on which it sits.
- In December 2023, investors purchased the building for $2,810,000.
- They then flipped the property to the next-door neighbor…owners of The Food Company and GreenHouse Nashville.
- GreenHouse Nashville operates from a former greenhouse and is recognized for its large bar and many plants.
- The property just sold for $5,020,000…the equivalent of $443/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