610-626 Minor Rd - Storefront FOR SALE


Memphis, TN 38111- Audubon Park
$1,499,000 USD
901-351-5595
610-626 Minor Rd, Memphis, TN for Sale
$1,499,000 USD
Storefront - FOR SALE
1/3
null | 8.28% Cap Rate

610-626 Minor Rd
Memphis, TN 38111
Audubon Park


HIGHLIGHTS

  • Value Added opportunity for an experienced investor to acquire the property and get new tenants at market rate.
  • Roof replaced in 2019
  • 4,000 SF former Crossfit endcap space vacant and ready to lease
  • Walking distance to The University of Memphis.

OVERVIEW

Myers Commercial Real Estate is proud to present this retail/flex building nestled in the University of Memphis neighborhood. The property is 15,000 square feet multi tenant strip center. The surrounding retail synergy is a hub for students to eat, live, work, and play. The current tenants provide irreplaceable in-person services to the Community. The property has been well maintained with a new roof in late 2019. The recently built out Southern Animal Hospital cost of $495,000 and the 4,000 SF vacancy recently vacated and ready for immediate occupancy for a new tenant.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

8.28%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

CMU-2

APN/PARCEL ID

04-6011-0-0022C

ASK ABOUT THIS PROPERTY

Melanie Myers BlandMyers Commercial Real EstateMore Info
901-351-5595

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Melanie Myers BlandMyers Commercial Real EstateMore Info
901-351-5595

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