Wednesday, December 11th, 2024 December11th2024

SOLD ALERT: Lebanon Pike Commercial Property Sold for $339/SF

Published on December 11th, 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:

  • 3423 Lebanon Pike is a 2,552 SF office building on a .33-acre parcel of land.
  • The property was previously occupied by Value Vet, a veterinary clinic.
  • Soon to be occupied by Nash Nerds, a computer repair company.
  • Built in 1988, the property is zoned CS (Commercial Services).
  • 8 parking spaces.
  • Two curb cuts.
  • 96’ of frontage.
  • Masonry construction.
  • Two bathrooms.
  • Pole mounted signage.
  • Surrounded on two sides by Jackson Grove Apartment Homes.
  • Nearby businesses include K1 Auto Sales, Wendy’s, Sherwin Williams, Arby’s, Ace Plumbing and Master Muffler & Auto Care.
  • The property last sold in 2007 for $312,000.
  • This was an all-cash transaction.
  • The property just sold for $865,000…the equivalent of $339/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