Builders pay $1.9M for East Nashville property | Improvement

An East Nashville property has bought for $1.9 million, with the patrons a trio of buyers and builders who personal adjoining property.

The principle tackle of the 1.27-acre three-parcel property is 1402 Dickerson Pike, which gives a constructing dwelling to Coleman Tractor Co.

The brand new proprietor is an LLC involving Tyler Cauble, Taylor Preston and Byran Fort.

1402 Dickerson Pike

On adjoining property, Cauble and a few silent buyers are planning mixed-use challenge The Provisionary — to incorporate micro workplace, retail and restaurant areas (learn right here).

The vendor was the McHenry household, with Metro information unclear as to what the household paid for the property.

The transaction is the equal of about $34 per foot primarily based on acreage, with varied Dickerson Pike properties having not too long ago bought for upwards of $50 per foot.

The addresses of the opposite two parcels are 142 and 144 Elmhurst Ave. These properties sit behind the primary parcel.

“The important thing factor is that we now have assembled 4.3 acres and can enable us to increase our plan for The Provisionary,” Cauble, who owns The Cauble Group and Parasol Property Administration, advised the Put up.

Of observe, Cauble, Preston and Fort earlier this 12 months paid $1.2 million for property at 69 Trimble St. in Chestnut Hill (learn right here).