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Downtown-area commercial property sells for $1.5M

Out-of-state apartment company now owns Chestnut Hill triangular lot near inner-interstate loop ....

United States , Kristan Swain , Jackie Murphy , Janet Murphy , Keller Williams Realty Realtors Laurie Marks , Chestnut Hill , Davidson County Register , Wellington Parkway , Williams Realty , Realtors Laurie Marks , Chestnut Hill , South Nashville , Ra Investments ,

Downtown-area property sees for-sale price dropped

Based on acreage, the asking price is the equivalent of about $91 per foot.
Murphy has enlisted Keller Williams Realty’s Realtors Laurie Marks and Kristan Swain to handle the marketing and sale of the property. The two said construction in the western segment of Chestnut Hill (for example, Nashville Warehouse) and nearby Wedgewood-Houston in noteworthy related to the overall health of the general area.
“The traffic has slowed for commercial, while residential is going through the roof,” Marks said. “But we are seeing the interest in commercial property pick back up. The price adjustment was made in response to the market and COVID-19. There is still lot of development near the site and it remains a prime location.” ....

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