Fundamental Income Properties Buys Land At 201 Broadway Nashville For $16.25M

The sale involved a small parcel of land located at 201 Broadway in Nashville, TN. The transaction was completed for a total amount of $16,250,000. The property spans 2,178 square feet, resulting in a price per square foot of $7,461. The seller of this prime undeveloped parking lot was Old Town Trolley Tours, while the buyer was Chris Burbach from Fundamental Income Properties. The brokerage services for this deal were provided by Lance Bloom from Colliers.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $16,250,000
• Address: 201 Broadway
• Market: Nashville, TN
• Square Footage: 2,178
• Price per Square Foot: $7,461
• Buyer: Chris Burbach - Fundamental Income Properties
• Seller: Old Town Trolley Tours
• Broker: Lance Bloom - Colliers

Fundamental Income Properties, led by Chris Burbach, acquired this parcel of land at 201 Broadway for a record-breaking price per square foot of $7,461. This purchase, in addition to previous acquisitions of nearby parcels, solidifies the firm's ownership of a valuable undeveloped parking lot on Lower Broadway. Despite the high price paid for the property, there have been no immediate announcements regarding development plans for the newly acquired parcel.