05 Sep West End apartment house sells for $1.9M
authors Kara Hartnett
An old-school West End-area apartment house has been bought for $1.9 million, helping a larger plan for redevelopment touching Long Boulevard, Avoca Street and 31st Avenue come closer to fruition.
The transaction is the latest purchase in what has been a series of acquisitions from the LLC Chris Barnhizer recently created, Parthenon Investments. The address for the latest purchase is 3108 Long Blvd.
The seller was an LLC associated with local real estate investors Mark and Sherry Deutschmann, who purchased the 0.33-acre property for $855,750 in 2010. According to Metro documents, the property was appraised to be valued at $1.1 million in 2017.
The purchase follows Parthenon’s recent $6.65 million acquisitions of adjacent properties at both 3100 Long Blvd. and 315 31st Ave. N. — those sites span a collective 1.7 acres — as well as a July purchase of a parcel at 307 31st for $1.8 million.
Barnhizer could not be reached for comment. Sources told the Post the building will be adaptively reused.
Fifth Third Bank is preparing to move into a former SunTrust Bank branch in a prime West End Avenue location.
Officials with Southeast General Construction have pulled a building permit to renovate the building at 2814 West End Ave. The permit applies to work on the building’s exterior and is valued at nearly $100,000.
The former SunTrust office sits between Kwik Sak and Discount Liquors & Wines. It was built in 1981 and comprises about 4,000 square feet of leasable space. SunTrust officials closed the office — perhaps best known as the site of a raucous Jason and the Scorchers concert in 1985 — early this year.
Fifth Third also runs branches relatively nearby on Wedgwood Avenue near Hillsboro Village and at 3415 Murphy Road. In all, the Cincinnati-based bank — which as of mid-2018 ranked ninth in Nashville-area deposits — runs more than 30 branches across the region.