Friday, November 24th, 2023 November24th2023

SOLD ALERT: Charlotte Pike Retail Property Sold for $533/SF

Published on November 24th, 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:
  • 6043 Charlotte Pike is a .22-acre retail property being used as a small auto dealership.
  • In addition to the 1,785 SF main building, the property includes two garage buildings in the rear for a total of 3,000 SF.
  • Built in 1958.
  • 40’ of frontage with two curb cuts.
  • Pylon signage.
  • 16 parking spaces.
  • Located between Smith’s Blind & Shade and Richland Animal Hospital.
  • The buyer put 20% down with financing from Fourth Capital Bank with an adjustable interest rate of 7.12% and a 10-year term.
  • The property just sold for $1,600,000…the equivalent of $533/SF.

 

 


Get clarity on exactly what it would look like to sell your property in today’s market.  Get your free Seller Clarity Report now.


Let the comps speak for themselves…get the 3 comparable sales most like your property.  Get your comps now.


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