A local developer and real estate investor has acquired a property located about two blocks south of Wedgewood-Houston’s commercial epicenter for almost $1.7 million — 18 years after it changed ownership hands for $80,000.
The address of the property, which accommodates a nondescript concrete block building, is 1322 Little Hamilton Ave. The building houses vehicle repair shop Tucker’s Auto Medic.
According to a Davidson County Register of Deeds document, the new owner is Beeqco LLC. That entity is affiliated with Brad Bars, a local real estate financier who played briefly with the NFL's New York Giants. In addition, Giachery Lizarraga, who co-developed with Yancy Lovelace the mixed-use building Farrow at Five Points in East Nashville-area (read more about that here), is also part of the LLC.
Lizarraga, director of development for Hybrid Phoenix Holdings, could not be reached for comment.
The sellers were a couple who acquired the 0.34-acre property in the fast-changing — and increasingly development-desirable Wedgewood-Houston — in September 2002 for $80,000, according to Metro records.
The specific sales price of the recent deal was $1,265,000. The Post was unable to determine if brokers were involved in the deal.
Of note, New York-based Somera Road plans to convert a nearby building to creative office and retail uses (read here).