668 Colonial Rd
Memphis, TN 38117
Audubon Park
HIGHLIGHTS
- Established leases in place with healthy returns from day one
- Multi-tenant structure reduces vacancy risk and increases long-term financial resilience
- Professionally maintained asset with minimal day-to-day oversight required
- Future upside through rent escalations, lease renewals, or targeted property enhancements
- East Memphis continues to see strong demand for office and commercial space due to its central location, professional demographics, and access t
OVERVIEW
Colliers is pleased to bring to market 668 Colonial Road, Memphis, TN 38117, a 5,958 sf single story office building. Positioned in the heart of East Memphis, 668 Colonial Road is fully leased, with three-tenants offering a turn key investment with stable income, minimal management needs, and long-term upside.
FOR SALE DETAILS
PRICE
$1,100,000 USD
PRICE/SF
$185 USD /SF
CAP RATE
8.77%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.53 AC
LAND SF
23,087 SF
ZONING
OG
APN/PARCEL ID
06-5037-0-0022
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
901-848-9820
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
901-848-9820
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
