Local real estate investor and general contractor Rob Cochran will close in August on the purchase of an East Nashville church slated for an adaptive reuse.
July 20, 2017 | William Williams | Nashville Post
Located in the Rosebank neighborhood, the church has an address of 901 Dalebrook Lane. The owner is Greater Grace Temple Community Church, which acquired the 1.9-acre property in August 2005 for $500,000, according to Metro records.
After acquiring, Cochran will either update the building himself and lease via Nashville-based OakPoint Real Estate or he will resell. Cochran’s DesignBuild Partners will serve as the architect if he chooses the first option. The company has worked on, among other projects, Cannery Row in SoBro and The Square at Fourth and Monroe in Germantown.
Jeremiah Pyron, who handles advisory services for OakPoint, said that if Cochran sells, he will ask $1.2 million. If he keeps the property and updates himself, he will ask $20 per foot. The church building spans 12,000 square feet on two floors, with the overall site offering 48 parking spaces.
If Cochran updates, possible uses for the church building include creative office, medical office, recording studio and/or yoga studio space, Pyron said.
The price Cochran will pay the church is not being disclosed at this point, he added.
“This will be a cool adaptive reuse project,” Pyron said. “The buyer has worked with the neighbors and with Metro Councilman Brett Withers to make sure they are pleased with the future uses.”
Pyron said the future update points to a trend, as Nashville continues to see more and more conversions of church buildings.
For example, OakPoint brokered the sale of the east side property in McFerrin Park home to the Ray of Hope Community Church building. A mixed-use project is planned (read more here).