Tuesday, June 6th, 2023 June6th2023

Sold Alert: Thompson Lane Retail Property Sold for $515/SF

Published on June 6th, 2023

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:

  • 415 W. Thompson Lane is a 2,000 SF restaurant that was built in 1950.
  • The restaurant building sits on a .27 acre (11,761 SF) corner parcel of land.
  • The building is occupied by Gojo Ethiopian Cafe and Restaurant which serves traditional Ethiopian cuisine eaten with enjira bread including vegetarian options & a hookah bar.
  • 18 parking spaces.
  • CS (Commercial Services) zoning.
  • Roughly located at the intersection of Nolensville Pike and W Thompson Lane.
  • The property is flanked by Rosie’s Twin Kegs (dive bar and burger restaurant) and Imports Autoplex (used car dealer).
  • The seller financed the transaction with 30% down.
  • The property just sold for $1,030,000…the equivalent of $515/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