Tuesday, January 24th, 2023 January24th2023

Sold Alert: Lebanon Pike Retail Building Sold for $320/SF

Published on January 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:

  • 2819 Lebanon Pike in Nashville’s Donelson neighborhood is an 1,876 SF retail building that was constructed in 1940.
  • At time of sale, the property was occupied by Bill’s Auto Sales and Moore & Moore Klean Kars.
  • The property includes a freestanding garage at the rear of the .38-acre (16,553 SF) parcel.
  • Located roughly at the intersection of Donelson Pike and Lebanon Pike, the property sits between Thorntons Convenience Store and Donelson Executive Building.
  • 35’ of Lebanon Pike frontage with two curb cuts.
  • Ample parking.
  • The buyer put 30% down with financing from Grassland Financial Services.
  • The property just sold for $600,000…the equivalent of $320/SF.

 

 


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


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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