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Commercial Real Estate
Unfortunately, many business owners end up taking the wrong approach and try to find and negotiate for space on their own - a big no no in this industry due to the massive learning curve of information. So, if you’re taking the right approach and hiring representation, what questions should you ask when interviewing potential tenant rep brokers?
This corridor used to be Nashville’s major thoroughfare in and out of downtown prior to the construction of I-65. After the arrival of the interstate, the once booming district fell into despair, but with Nashville’s massive economic upswing in the last 10 years, it’s caught the eyes of investors, developers, residents, and business owners.
A concept that has caught fire in recent years on the residential side is “House hacking,” where an individual buys a house or small multifamily property to live in and rents the remaining rooms/units to tenants in order to reduce their monthly house payment, or potentially even turn a profit.
Though it isn’t as widely discussed a strategy, the same principle is true of commercial real estate - a business owner can effectively reduce their monthly payments by purchasing the building in which they reside.
The two-story building totals 6,955 square feet and is situated on a 2.88-acre parcel with points of ingress/egress on Dodds Avenue and East Main Street. Following construction in 1987, the building was immediately leased to Bellsouth Telecommunications, LLC for use as a service operations facility.
