A Wedgewood-Houston building that last changed ownership nearly 50 years ago has been listed for sale for an undisclosed asking price.
520 Merritt Ave.
Photo: Sagemont
A concept image
Opened in 1981, the warehouse offers 31,283 square feet and an address of 520 Merritt Ave. The structure sits next a structure called The Nashville Design Collective (read here). Across the street sits Somera Road’s The Mill, to be a part of Martin & Merritt (read here).
Metro records are unclear as to the ownership entity. However, the records note the owner acquired the 1.64-acre property in mid-1976 for $39,174.
Southern Optical is the structure’s lone tenant, with the company’s lease expiring this November. Southern Optical, which manufactures eyewear, has operated from the warehouse since 1994, according to marketing materials.
Of note, the seller in the 1976 deal acquired the property in 1946.
The property is zoned for industrial and warehousing/distribution usage.
The owner has enlisted Nashville-based commercial real estate company Sagemont (for which partner Trent Yates is overseeing) to handle the marketing and sale of the property.