481-487 S Main St - Service FOR SALE


Memphis, TN 38103- South Bluffs
$2,700,000 USD
901-881-2070
481-487 S Main St, Memphis, TN for Sale
$2,700,000 USD
Service - FOR SALE
1/6
null | Request Cap Rate

481-487 S Main St
Memphis, TN 38103
South Bluffs


HIGHLIGHTS

  • Heavy 24/7 Foot Traffic
  • on Trolley Line
  • South Main Section

OVERVIEW

3-2 story buildings (497-487 South Main Street) Sold only ALL AS ONE, (total 22,967 sq. ft.) in Existing Shell, AS IS, WHERE IS Condition and ALL CASH at Closing total: .287 acre (75' X 166') Zoned SMS 2 Tax Parcels, 3-2 story Brick Buildings, 2 Grade Level Doors, there are a total of 5 separate Leased Apartments: North Building: 479/481 has 2 Apartments on second floor walk-up, (front & rear access) and one (1) Apartment that is the East front of the first floor with No Basement, Middle Building: 485 is in raw Shell condition that is wide open 1st & second floors walk-ups plus raw Basement; all is currenlty used as storage, South Building: 487 100% Steel/Concrete with Brick Facade with rear inopearble (West) Freight Elevator, entire 1st floor is storage with 2 Apartments on 2nd floor walk-up with No Basement, collectively known as: 479, 481, 485 & 487 South Main for a total 22,963 sf Building Sold ONLY AS ONE! tuckerbeck.com tbeck@crye-leike.com 901 378 1300

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Bowling Alley

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

23 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29

LAND SF

12,632

ZONING

CBD/SMS

APN/PARCEL ID

00-2107-0-0003C,00-2107-0-0005

ASK ABOUT THIS PROPERTY

Curtis Braden, CCIMBraden, Braden & Braden LLCMore Info
901-881-2070

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Curtis Braden, CCIMBraden, Braden & Braden LLCMore Info
901-881-2070

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