New Life for Older Shopping Center

 

4825 Dayton BoulevardThe former BI-LO anchored shopping center at the intersection of Dayton Boulevard and Browntown Road has been purchased by Duane Hixson, the owner of B & D Salvage Company.

The center contains approximately 45,000 square feet of retail space on 13.25 acres. It had largely been unoccupied since 2006 when BI-LO (now Food City) built a much larger store at the corner of Morrison Springs Road.

The initial plans are to renovate the center with B & D occupying the former grocery store area of 28,000 square feet, plus the adjacent shop of 7,000 square feet. Mr. Hixson is considering a new addition to the west side of the grocery.

This new store will be a relocation of the B & D Salvage store from the former Food Lion store on Mountain Creek Road.

As previously announced, the Food Lion center was vacated to enable the construction of a $4,000,000 conditioned storage facility.

The purchase price for 4825 Dayton Boulevard was $725,000.

Rudy Walldorf, CCIM, of Herman Walldorf Commercial, Inc., represented the seller in this transaction with Tom Cofer of RiverCity Realty representing the buyer.

Tags: , ,

Leave a Reply