Tuesday, June 27th, 2023 June27th2023

Sold Alert: Berry Hill Commercial Building Sold for $866/SF

Published on June 27th, 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:

  • 2832 Bransford Avenue is better known as the home of Vui’s Kitchen, a popular Vietnamese restaurant.
  • The 1,617 SF building was constructed in 1941.
  • Substantial .36 acre corner lot provides 15 parking spaces and abundant outdoor seating.
  • Located roughly at the intersection of Thompson Lane and Bransford Avenue, this is one of the most prominent locations in Berry Hill.
  • Big Machine Distillery and Tavern is located a few doors down.
  • The property last traded in 1988 for $115,000.
  • The buyer put 17% down with financing from Oakworth Capital Bank at 6.2% interest.
  • The property just sold for $1,400,000…the equivalent of $866/SF.

 

 


Get the blueprint to sell your property for the absolute highest price the market will pay.  Get your blueprint now.


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


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@BeachwoodSells.com