199 Summitt St - Office/Residential FOR SALE


Memphis, TN 38104- Midtown Memphis
$650,000 USD
901-503-5917
199 Summitt St, Memphis, TN for Sale
$650,000 USD
Office/Residential - FOR SALE
1/6
null | Request Cap Rate

199 Summitt St
Memphis, TN 38104
Midtown Memphis


HIGHLIGHTS

  • - Located off of Union Ave; directly behind Fresh Market.
  • - Two blocks from Overton Square (add link to Overton Square)
  • - Steps away from Cooper Young
  • - Major investments occurring along Union Ave and Cooper St
  • - In a quiet, Midtown neighborhood, away from the rustle and bustle; but close to places like Playhouse on the Square, Hattiloo Theatre
  • - Also close to the Memphian Hotel, Ballet Memphis, Brook Museum, Memphis Zoo, Overton Park Shell, and Overton Park

OVERVIEW

Don’t miss this RARE, AVAILABLE potential income producing opportunity! Unique Mixed Use Property in Heart of Midtown Memphis AKA (Heart if the Arts) Multi-level property: Upper Level: - office space previously occupied by a law firm - Studio apartment that is fully renovated and ready for occupancy - Long term or short term rental - Unfinished and unrenovated - Ready for renovation Lower Level : - Office/ Creative Space; partially renovated but available fro occupancy. Currently used has a creative visual marketing studio. This property is ideal for an owner/ user with an entrepreneurial mindset. Also ideal for an investor interested in four income producing components with tremendous income potential. Located one block off of Union Ave (directly behind the popular Midtown Fresh Market) Two blocks from Overton Square: http://overtonsquare.com/ Blocks away from Cooper-Young neighborhood and entertainment district Situated in a quiet Midtown neighborhood, away from the hustle and bustle; but close enough to iconic cultural destinations like Playhouse on the Square, Hattiloo Theatre, Memphian Hotel, Ballet Memphis, Brook Museum, Memphis Zoo, Overton Park Shell, and Overton Park (Memphis’ Central Park) Major hotel, apartment, and retail investments occurring along Union Ave and Cooper St within blocks of this property

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Bar, Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C

APN/PARCEL ID

02-8008-0-0005C

ASK ABOUT THIS PROPERTY

Darrell CobbinsUniversal Commercial Real EstateMore Info
901-503-5917

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Darrell CobbinsUniversal Commercial Real EstateMore Info
901-503-5917

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.