Tuesday, January 31st, 2023 January31st2023

Sold Alert: Broadway Retail Building Sold for $925/SF

Published on January 31st, 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:

  • 1921 Broadway in Midtown is home to the restaurant and bar, The Stillery.
  • The Stillery opened in 2017 and is known for its American cuisine and selection of whiskeys.
  • The 5,406 SF building sits on a modest 4,792 SF parcel of land with no parking.
  • Built in 1940, the location benefits from frontage on both Broadway and Division Street.
  • The property is flanked by Two Boots Nashville Pizza, Donatos Pizza and Salon FX.
  • The property last traded in 2016 for $1,825,000.
  • The buyer put 15% down with financing from BOKF at 6.02% for 10 years.
  • A second mortgage was also placed on the property.
  • The property just sold for $5,000,000…the equivalent of $925/SF.

 

 


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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