4064 Saint Elmo Ave - Storefront FOR SALE


Memphis, TN 38128- Raleigh
$785,000 USD
901-483-9974
4064 Saint Elmo Ave, Memphis, TN for Sale
$785,000 USD
Storefront - FOR SALE
1/9
null | 10.7% Cap Rate

4064 Saint Elmo Ave
Memphis, TN 38128
Raleigh


HIGHLIGHTS

  • ROOF: Replaced in 2022
  • PARKING LOT: Repaved August 2024
  • EXTERIOR: Painted and Misc. Repairs 2024

OVERVIEW

Fully leased retail shopping center. Introducing a prime investment opportunity in St. Elmo Shopping Center located at 4064 St. Elmo Ave, Memphis, TN. This fully leased property features a 10,700 SF shopping center on 1.25 acres with a solid tenant roster. The property's 2024 updates include a new roof, repaved parking lot, and exterior enhancements, ensuring low maintenance costs moving forward. With a current NOI of $84,000, this offering presents a lucrative income-generating asset with a diverse mix of tenants including a daycare, restaurants, laundry mat, and training center. Strategically positioned in a high-traffic area with a strong demographic profile, this property boasts high consumer spending potential and attractive average household incomes. Don't miss the chance to own a well-maintained retail asset with stable cash flow and long-term tenant leases in bustling Memphis, Tennessee. For more details or to seize this opportunity, reach out to Brown Gill at 901-483-9974.

FOR SALE DETAILS

PRICE

$785,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

10.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% LEASED SHOPPING CENTER

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C-P

APN/PARCEL ID

09-0033-0-0050

ASK ABOUT THIS PROPERTY

Brown GillGill Properties, Inc.More Info
901-483-9974

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Brown GillGill Properties, Inc.More Info
901-483-9974

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