Tuesday, June 20th, 2023 June20th2023

Sold Alert: Lebanon Commercial Building Sold for $238/SF

Published on June 20th, 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:

  • 1104 W Main Street in Lebanon is better known as Haley Veterinary Practice.
  • Established in 2020, Haley is a mixed-animal veterinarian including exotic pet care.
  • The 5,315 SF, two-story building was constructed in 1950 on .61 acre.
  • The irregular, L shaped lot provides 18 parking spaces.
  • Formally occupied by Primus Dental.
  • Located between Don Scott Insurance and Titlemax Title Loans.
  • Across from Liberty State Bank.
  • Traffic counts exceed 19,000 vehicles per day.
  • The property last sold in 2020 for $790,000.
  • The transaction was fully financed by Bank of America at 5.68%.
  • The property just sold for $1,267,000…the equivalent of $238/SF.

 

 


Get the blueprint to sell your property for the absolute highest price the market will pay.  Get your blueprint 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 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