Sold Alerts provide commercial property owners with valuable, hard-to-get comparable sale information.
- 365 White Bridge Pike is the former home of Shoney’s Restaurant.
- Located roughly at the corner of Charlotte Avenue and White Bridge Pike, the property just sold for its .91-acre land value.
- The buyer plans to redevelop a 7 Eleven convenience market and fuel station on the site.
- The proposed fuel station will offer six pumps and the 7-Eleven store will span 4,650 SF.
- 275 feet of frontage with two curb cuts.
- Renasant Bank financed the transaction with 27% down.
- The property last traded in 2019 for $3,000,000.
- The property just sold for $3,200,000…the equivalent of $81/SF of land.
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About Beau Beach, MBA CCIM
Beau is a tenacious 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, Milwaukee and the states of 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