Tuesday, March 5th, 2024 March5th2024

SOLD ALERT: Gallatin Retail Property Sold for $336/SF

Published on March 5th, 2024

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:
  • 184 W Main Street in Gallatin is better known as the home of Best Donuts.
  • Formerly a Dairy Queen, the 2,442 SF building was constructed in 1966.
  • Two land parcels totaling a half-acre.
  • Located next to First National Bank.
  • The remainder of the block is occupied by Mid Cumberland Community Corrections.
  • 152’ of frontage.
  • Opportunity zone.
  • 23 parking spaces.
  • The property last traded in 2009 for $550,000.
  • It was then foreclosed on in 2015.
  • This was an all-cash transaction.
  • The property just sold for $820,000…the equivalent of $336/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