Tuesday, September 6th, 2022 September6th2022

Sold Alert: Murfreesboro Pike Retail Property Sold for $496/SF

Published on September 6th, 2022

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

 

 

  • 2713 Murfreesboro Pike is best known as the home to Angelo’s Picnic Pizza.
  • However, the current occupant plans to relocate.
  • The 1,813 SF restaurant was constructed in 1978.
  • The building sits on a .4 acre parcel of land with 17 parking spaces.
  • The property is located at the intersection of Bell Road and Murfreesboro Pike.
  • The buyer put 41% down with financing from Peoples Bank at 5.1% interest for 5 years.
  • The property just sold for $900,000…the equivalent of $496/SF of building or $52/SF of land.

 

 


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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