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Small south side ex-bar building sells for $1.2M

According to a Davidson County Register of Deeds document, the new owner of the property, located at
1281 Third Ave. S. and sitting on 0.09 acres in Chestnut Hill, is Third Basemen LLC. That entity is affiliated with Third Prime, an investment firm headquartered in New York and with a Nashville presence. The LLC also includes the founders and owners of Levelwing, a marketing agency.
According to a statement, the newly purchased building will be the first Nashville office for both companies.
Bento Nashville II LLC was the seller of the two-story, 2,856-square-foot concrete-block building, after having paid $350,000 for the property in January 2018, according to Metro Records. ....

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Small south side ex-bar building offered for $1.25M

Located at
1281 Third Ave. S. and sitting on 0.09 acres in Chestnut Hill, the two-story building is owned by Bento Nashville II LLC, which paid $350,000 for the property in January 2018, according to Metro Records.
A related Bento entity paid $950,000 in August 2016 for the adjacent site on which the apartment building sits.
The ownership entity has enlisted Jeremiah Pyron, partner with Sagemont Real Estate, to handle the marketing and sale of the 2,856-square-foot concrete-block building. The mural-adorned structure had housed restaurant and bar B1281, which served Hawaiian-inspired cuisine and cocktails before permanently closing at year’s end.
Located east of Wedgewood-Houston, the property includes an outdoor patio and is suitable, Pyron said, for office, retail and/or restaurant usage. The offering is the equivalent of about $438 per square foot based on the small building’s size. ....

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