PRIME HILLSBORO VILLAGE PROPERTIES FOR SALE
This press release was originally released on Sept. 4, 2015
NASHVILLE, Tenn., September 4, 2015 – The Hillsboro Village buildings housing Sam’s Sports Grill and the adjacent Village Marketplace and Brewery (formerly Bosco’s), have been put on the market for the first time since 1975, according to an announcement today by Southeast Venture, which has been retained to market the properties.
The property for sale encompasses .91 acres, which includes a 57-space surface parking lot behind the buildings and a .16-acre vacant lot at 2113 Belcourt Avenue, behind the parking lot.
“It’s not every day that property comes up for sale in Hillsboro Village. We are expecting a lot of interest in this listing,” said Wood Caldwell, managing principal of Southeast Venture, who is handling the listing with Director of Retail Services Jon Petty. Petty has established himself in recent years as a leading broker to the restaurant industry in Middle Tennessee. “Because this is such an unusually attractive property, we are beginning the marketing without an asking price; we are simply asking for a call for all offers. Prospective buyers will have approximately 30 days to submit their bids.”
The building now occupied by Sam’s at 1803 21st Ave. is 6,255 square feet and the adjacent building, at 1805 21st Ave, is 6,927 square feet. Restaurant owners Sam Sanchez and Al Thomas are leasing both buildings, having leased the Sam’s building for 15 years and the adjacent building since January, when they started their first brewpub in the space. Both leases expire on December 31 of this year, and Sam’s has been closed since a recent fire.
The Village Marketplace and Brewery building was originally occupied by an F.W. Woolworth store and Sam’s space was part of a McClure’s department store.
“This is a unique opportunity to own real estate in one of Nashville’s most historical and iconic retail districts,” Petty said. “We are honored to have been chosen to broker this sale and look forward to assisting our clients to secure the most suitable buyer for the property. We’ve already received many calls from potential buyers when the word started leaking that the properties were being put on the market. This will definitely be one to watch.
“I also want to address concerns raised by some Hillsboro Village purists who raised an alarm when news began filtering out that these buildings might be sold. It is our opinion that the buyer of these buildings will keep them intact.,” he added. “The buildings are historic icons of Hillsboro Village and the bones are good.”
About Southeast Venture
Founded in 1981, Southeast Venture is a diversified commercial real estate and design services company guided by a mission of “Building Value by Valuing Relationships.” The firm provides and coordinates the delivery of brokerage, development, architectural and interior design and property management. This unique, comprehensive approach to commercial real estate offers a cost effective and efficient way of meeting its clients’ commercial real estate needs. For more information, visit SoutheastVenture.com, or find Southeast Venture on Twitter @SEVentureCRE.
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