3960-4010 Jackson Ave - Storefront FOR SALE


Memphis, TN 38128- Douglass
$1,750,000 USD
901-526-3100
3960-4010 Jackson Ave, Memphis, TN for Sale
$1,750,000 USD
Storefront - FOR SALE
1/5
null | 9.5% Cap Rate

3960-4010 Jackson Ave
Memphis, TN 38128
Douglass


OVERVIEW

Total Square Footage: 22,100 SF Ideal for Investor Sale price:$1,750,000 Attractive In Place Cap Rate: 9.50% 7 unit retail center Priced Well below replacement cost at $79 per foot New roof and HVAC Dense Hispanic Trade Area - high local demand for culturally relevant businesses High Traffic location - excellent visibility and access on Jackson Ave with 28,000 VPD Surrounded by Residential Neighborhoods - built-in customer base

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,651 SF

ZONING

CH

APN/PARCEL ID

06-2021-0-0034

ASK ABOUT THIS PROPERTY

Brian CaliffNAI Saig CompanyMore Info
901-526-3100

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Brian CaliffNAI Saig CompanyMore Info
901-526-3100

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