authors William Williams
A Music Row building that once accommodated nonprofit Dismas House has sold for $1.1 million.
According to sources with information about the transaction, the new owner of the 0.19-acre property at 1513 16th Ave. S. is an entity affiliated with Nashville-based HailSolve. The company provides owners of commercial real estate services related to hail damage.
The seller was Groveland Investment Group. In 2017, and according to Metro records, Groveland paid Dismas Inc. $1.85 million for the home and for an adjacent parcel that was not included in the recent sale. The home and the retained unimproved parcel sit on 0.44 acres. The building offers about 3,845 square feet, with the transaction the equivalent of approximately $286 per foot based on the structure’s size.
John Toomey, Nashville market lead for Brentwood-based Urban Grout Commercial Real Estate, represented the seller. Trent Yates, a partner with Nashville-based Sagemont Real Estate, represented the buyer.
To date, HailSolve (which also operates an Atlanta office) has been located at 33 Music Square W., which is also known as 17th Avenue South. The company is expected to renovate the just-bought building and relocate to it.
Dismas House has operated at 2424 Charlotte Ave. since 2019. Parent entity Dismas Inc. paid $52,000 for the just-sold building and the adjoining lot in 1974, according to Metro records.