A Shell station on the Cumberland Avenue Strip has been sold for $2.25 million.
The buyer was Boghani Properties LLC. Karim Boghani, the registered agent for that entity, said he’s not sure what he’ll do with the site, and cited uncertainty related to ongoing construction on the Cumberland streetscape. “I’ll just wait and watch,” he added.
The property is located at the corner of 20th Street and Cumberland. An expansion project for East Tennessee Children’s Hospital is behind the station, while the new Evolve student housing complex is located on the opposite side of Cumberland.