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$ 298,900
Est. payment | /mo
$ 298,900
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Richardson
MLS Listing ID 10216969
Year Built 1967
Annual Tax Amount $2,890
Property Sub-Type Commercial
Property Description
Great Opportunity for income producing commercial property in Memphis! In-place cashflow with NNN lease, no landlord responsibilities and hefty 11.6 cap rate! Positioned on heavily traveled and known highway at the border of North Mississippi. Abundant parking spaces! Fully fenced, office building and multi-car repair garage on site. Zoned and licensed for Used Auto Sales. Many other uses Can also be Storage for Equipment/Autos/Dumpsters etc., Tow Lot, Contractor Offices, General Business Office, Retail etc. Priced to sell! Won't last long.
Location
State TN
County Shelby
Area Coro Lake
Interior
Heating Gas, Space Heater
Cooling 1 Window Unit per Unit
Flooring Other Flooring
Inclusions Building and Land, No Furnishings
Exterior
Parking Features 31-75 Spaces, Covered
Roof Type Metal
Building
Story 1
Foundation Slab
Water Gas Hot Water
Listed by Derrick D Brown • Independence Realty&Investment
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "