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.
Features
- Heating System:
- Gas, Space Heater
- Cooling System:
- 1 Window Unit Per Unit
- Roof Deck:
- Metal
- Flooring:
- Other Flooring
- FOUNDATION:
- Slab
- Parking Facility:
- 31-75 Spaces, Covered
Address Map
- Country:
- US
- State:
- TN
- County:
- Shelby
- City:
- Memphis
- Subdivision:
- RICHARDSON
- Zipcode:
- 38109
- Street:
- US 61
- Street Number:
- 4557
- Street Suffix:
- HWY
- Floor Number:
- 0
- Longitude:
- W91° 54' 54.2''
- Latitude:
- N35° 1' 27.4''
- Directions:
- 4557 US Hwy 61 / S Third St., Memphis, TN 38109
MLS Addon
- Office ID:
- 1539
- Agent ID:
- 7450
- Status:
- Active
- Type:
- Commercial
- Actual Annual Rent:
- 0
- Annual County Tax:
- 1475
- Annual Insurance Expenses:
- 0
- # of Stories:
- 1
- TYPE USAGE:
- Food Service, Auto Service, Office, Retail
- Lot Size:
- 24850SF 100.8X259.8
Commercial/industrial For Sale
4557 US 61 HWY, Memphis, Tennessee 38109
0 Bedrooms
0 Bathrooms
0 Sqft
$298,900
Listing ID #10216969
Basic Details
- Property Type :
- Commercial/industrial
- Listing Type :
- For Sale
- Listing ID :
- 10216969
- Price :
- $298,900
- Bedrooms :
- 0
- Bathrooms :
- 0
- Half Bathrooms :
- 0
- Square Footage :
- 0 Sqft
- Year Built :
- 1967
- Lot Area :
- 0 Acre
- Status :
- Active
- Days On Market :
- 63
Contact Agent
