Superior Home Products: 5093 Raleigh LaGrange Road MEM/TN/USA

Industrial for Sale
Catylist Listing ID: 1121784
Property Subtypes: Flex Space, Mixed Use
Building Size (RSF): 7,200 SF
Gross Land Area: 0.62 Acres
Sale Price: $398,000
Unit Price: $55.28 PSF
Ceiling: 16 ft.
Docks/Doors: 3 Doors
Office SF: 1,200 SF
Drive In Bays: 3 Bays
Property Use Type: Vacant/Owner-User
Building Name: Superior Home Products Building
Sale Terms: Cash to Seller
Last Updated: 9/21/2017

Overview / Comments

Owner occupied 3 bay (or 1 combined) 7,200 sq ft Retail/Office/Automotive/Warehouse w/ 3 Grade Doors, 16' ceilings, rear Storage Yard, 4 Offices, Reception, full Kitchen, 2 ADA Restrooms, w/ ample front and side Parking on .62 acre (110' X 265') Zoned IL (Light Industrial)

located in North-East Shelby County, Memphis, Tennessee, USA 38134 just off SE covington Pike & Raleigh LaGrange Road

commercial real estate memphis

Financials

Finance Data Year 2011
Real Estate Taxes - Annual($) $6,577 (Annual)
Potential Rental Income $43,200 (Annual)
Net Operating Income $13,123 (Annual)
Gross Operating Income $21,000 (Annual)
Actual or Proforma Year Actual
Finance Data Year 2010
Real Estate Taxes - Annual($) $6,577 (Annual)
Potential Rental Income $43,200 (Annual)
Net Operating Income $13,123 (Annual)
Gross Operating Income $21,000 (Annual)
Actual or Proforma Year Actual
Finance Data Year 2009
Real Estate Taxes - Annual($) $6,577 (Annual)
Potential Rental Income $43,200 (Annual)
Net Operating Income $13,123 (Annual)
Gross Operating Income $21,000 (Annual)
Actual or Proforma Year Actual
Finance Data Year 2006
Assessed Value - Total($) $93,960 (Annual)

Current Tenants

Tenant Business Name Owner/Landlord/Seller: Superior Home Products
Suite Number 1
SF of Space Occupied 2,400 SF
Tenant Business Name Walts Automotive Upholstery
Suite Number 2
SF of Space Occupied 2,400 SF
Current Rent $4 PSF (Annual)
Tenant Business Name Hutch's Automotive
Suite Number 3
SF of Space Occupied 2,400 SF
Current Rent $5 PSF (Annual)

Additional Details

Nearest MSA: Memphis
County: Shelby
Submarket Type: Suburban
Tax ID/APN: 88/31/38
Zoning: IL (LIGHT INDUSTRIAL)
Market Type: Mega
Property Located Between: Covington Pike & Wilfong
Side of Street: South
Road Type: Paved
Transportation: Highway
Highway Access: I-40, I-240
Airports: Memphis International
Area Description: North-East Shelby County
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,200 SF
Property Condition: Good
Year Built: 1999
Roof Type: Arched
Exterior Description: metal
Parking Type: Surface
Parking Description: on East and North sides
Heat Type: Gas
Heat Source: Wall Units
Air Conditioning: Evaporative Cooler
Internet Access: Cable, DSL, ISDN
Interior Description: 3 bay automotive
Zoning Description: IL Light Industrial
Lot Frontage: 110
Lot Depth: 265
Easements: Pipelines
Easements Description: sewer on se corner.....see survey
Legal Description: Raleigh LaGrange Chiswood Planned Development-Phase III

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,034 105,507 228,169
Median Age: 31.22 34.37 34.75
Households: 3,784 38,167 84,791
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