Sold Alerts provide commercial property owners with valuable, hard-to-get comparable sale information.
- 1261 Antioch Pike is a 1.18-acre parcel of land that includes a parking lot formally used by the adjacent church.
- The parcel has challenges.
- Due to its long, irregular shape developing the parcel is difficult because of the required setbacks.
- The parcel also has substantial slope.
- Finally, there was an easement for a land locked cemetery that we had to contend with.
- For these reasons, we determined the highest and best use remained parking.
- In the end, the seller was thrilled with the outcome.
- The asking price was $499,000.
- The property just sold for $475,000…the equivalent of $9/SF of land.
(SPRING PROMOTION) Find out how much your property is worth, for free, before you list it for sale. Get your property value now.
Get all our exclusive content in one simple email, every Friday. Sign up 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.
Beau can be reached at 800-721-3287, click to schedule a call or Beau@soldbybeachwood.com