Sold Alerts provide potential sellers with hard-to-get comparable sale information.
- 923 Dickerson Pike is a 1,647 SF retail building that sits on a .17-acre (7,542 SF) parcel of land.
- Located next to “The Pig”, a former Piggly Wiggly grocery store, which is now home to restaurant tenants including Fancypants.
- Built in 1954.
- The parcel measures 27’ wide by 61’ deep with limited parking.
- The seller had owned the property since 1964.
- Zoned CL (Commercial Limited) and MDHA-SL (Skyline Redevelopment District).
- The new affordable apartment complex across the street is called 900 at Cleveland Park (income restricted).
- The transaction was fully financed by Pinnacle Bank at 6.77% interest with a 5-year term.
- The property just sold for $1,100,000…the equivalent of $668/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