The building had formerly been home to The Yoga Dojo. (Mike Platania photo)
The namesake owner of a local bagel shop has spread his holdings into Scott’s Addition.
Earlier this month Lauren and Nate Mathews, the latter of whom started Nate’s Bagels in the Fan, bought the building at 1219 Highpoint Ave. in Scott’s Addition for $975,000.
Nate Mathews confirmed the deal, however it’s unclear whether the building would someday become part of Nate’s Bagels’ operations.
Nate Mathews
“We don’t quite have a game plan for it yet,” he said. “We’re excited to own a piece of Scott’s Addition.”
The Mathews’ new building totals around 3,500 square feet and is vacant. It was the former home to The Yoga Dojo, which moved to the West End last year after about seven years in Scott’s Addition.
Nate Mathews started Nate’s Bagels as a pop-up in 2015 and a few years later opened a brick-and-mortar location in the Fan, which he said he has no intention of shutting down in light of the Highpoint Avenue deal. The bagel shop leases its Fan building.
The Scott’s Addition sale closed June 1. The city most recently assessed the property at $645,000. The building is located a block from The Icon, a new 12-story apartment project from Historic Housing, and Classic Tattoo, a 14-year-old tattoo parlor from Jason Hobbie.
The Mathews’ deal marks a rare sub-seven-figure sale in Scott’s Addition, where real estate has fetched premium prices in recent years. Other deals in the neighborhood this year include Dodson Development Group’s nearly $4 million acquisition of The Circuit Arcade Bar’s building on West Leigh Street and North Carolina-based PRMS Investments’ $3.5 million purchase of 1602 Ownby Lane near Hardywood.
The building had formerly been home to The Yoga Dojo. (Mike Platania photo)
The namesake owner of a local bagel shop has spread his holdings into Scott’s Addition.
Earlier this month Lauren and Nate Mathews, the latter of whom started Nate’s Bagels in the Fan, bought the building at 1219 Highpoint Ave. in Scott’s Addition for $975,000.
Nate Mathews confirmed the deal, however it’s unclear whether the building would someday become part of Nate’s Bagels’ operations.
Nate Mathews
“We don’t quite have a game plan for it yet,” he said. “We’re excited to own a piece of Scott’s Addition.”
The Mathews’ new building totals around 3,500 square feet and is vacant. It was the former home to The Yoga Dojo, which moved to the West End last year after about seven years in Scott’s Addition.
Nate Mathews started Nate’s Bagels as a pop-up in 2015 and a few years later opened a brick-and-mortar location in the Fan, which he said he has no intention of shutting down in light of the Highpoint Avenue deal. The bagel shop leases its Fan building.
The Scott’s Addition sale closed June 1. The city most recently assessed the property at $645,000. The building is located a block from The Icon, a new 12-story apartment project from Historic Housing, and Classic Tattoo, a 14-year-old tattoo parlor from Jason Hobbie.
The Mathews’ deal marks a rare sub-seven-figure sale in Scott’s Addition, where real estate has fetched premium prices in recent years. Other deals in the neighborhood this year include Dodson Development Group’s nearly $4 million acquisition of The Circuit Arcade Bar’s building on West Leigh Street and North Carolina-based PRMS Investments’ $3.5 million purchase of 1602 Ownby Lane near Hardywood.
So this property was assessed at approximately $330,000 below the market value? The most recent assessment on my house is now above the Zillow value. I live near Carytown and a few years ago there were commercial properties 2 or 3 times the size of my house that were assessed for significantly less. When I used them as examples for my appeal I was told commercial properties could not be used because they are calculated differently. The city needs to make business owners pay their fair share of real estate taxes but they’re too busy trying to force another casino… Read more »
Congratulations! You have a great business, loyal TEAM members and I am a loyal customer. Thank you for providing me a favorite staple of mine and with NY Bagel quality!