Home Furniture Gallery with Four Buildings

Retail-Commercial for Sale
Catylist Listing ID: 30191069
Property Subtypes: Mixed Use
Building Size (RSF): 18,444 SF
Gross Land Area: 3.23 Acres
Sale Price: $550,000
Unit Price: $29.82 PSF
Office SF: 300 SF
Property Use Type: Investment, Business
Building Name: Furniture for Sale
Usable Size (USF): 18,444 SF
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 3/12/2018

Overview / Comments

This property sits on 3.23 acres and has Highway 51 frontage of 362 feet. The property contains 4 metal buildings. The largest building is approximately 11,000 square feet and is used as a retail furniture showroom. This building has been renovated recently. Building #2 at approximately 2,500sf, is a mattress warehouse with a loading dock. Building #3 at approximately 4,000sf is relatively new and used as an industrial warehouse. it has a loading dock and the foundations has reinforced concrete PSI 3500 floor with steel for forklift use. The frame of the building is reinforced with steel for protection against storm and wind damage. Building #4 at approximately 1,000sf, is used as a maintenance shop. There is also a 1,000sf 1-bedroom, 1-bath apartment included.

Additional Details

Nearest MSA: Memphis
County: Tipton
Taxing Authority: Tipton County
Tax ID/APN: 08401801816
Property Located Between: Between Steven Street and Harris Estates Road
Highway Access: 362 Feet Frontage on Highway 51 North
Site Description: Highly visible frontage location. Relatively flat parcel. easy access to highway.
Tenancy: Single Tenant
Total Number of Buildings: 4
Number of Stories: 1
Typical SF / Floor: 11,000 SF
Property Condition: Average
Year Built: 1978
Year Renovated: 2013
Roof Type: Flat
Construction/Siding: Metal Siding
Parking Ratio: 1.4 (per 1000 SF)
Parking Type: Surface
Parking Description: Rectangular lot @1.35 per 1000sf. average to rough condition. Additional parking in the rear of building.
Heat Type: Natural Gas
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,497 14,881
Median Age: 33.68 35.6
Households: 2,421 4,702
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