$895,000 USD
512-856-7719
4177 Elvis Presley Blvd
Memphis, TN 38116
Whitehaven
HIGHLIGHTS
- This property may also be available for lease. Contact the broker for details.
- The property presents an owner-user opportunity featuring 9,095 total SF and three automotive bays.
- This is a value-add opportunity with two years remaining on the corporate Pep Boys lease, along with 2,200 SF of vacant flex warehouse space.
- The property is located less than one mile from Graceland.
- The surrounding area offers strong demographics, with a population of more than 144,000 people.
- The property is offered below replacement cost.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 9,295 SF Former Pep Boys property located at 4177 Elvis Presley Blvd in Memphis, TN. In addition, the property features a vacant 2,200 SF flex warehouse space, offering a compelling value-add opportunity for future income growth.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
FOR SALE DETAILS
PRICE
$895,000 USD
PRICE/SF
$96 USD /SF
CAP RATE
8.98%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Value-Add / Owner-User Opportunity - Memphis
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Auto Dealership
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.45 AC
LAND SF
19,602 SF
ZONING
CMU-3
APN/PARCEL ID
07-7044-0-0016,07-7044-0-0032
ASK ABOUT THIS PROPERTY
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512-856-7719
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512-856-7719
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