Former TitleMax Store

Retail-Commercial for Sale
Catylist Listing ID: 30210276
Property Subtypes: Free-Standing Building
Building Size (RSF): 2,036 SF
Gross Building Area: See Agent
Gross Land Area: 0.88 Acres
Sale Price: $230,000
Unit Price: $112.97 PSF
Ceiling: 8 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: Former TitleMax Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2018

Overview / Comments

Stand alone building. Formerly TitleMax Center and Crumpy's Hot Wings located at the most visible retail lot on Ridge Line and James Rd. Can see the building from the offramp of Highway 40. Easy road access. Open floor plan with utility room, restrooms and mechanical room. Also has a large storage area on second level with built out office. Over the past ten years, this property has produced income as a single-tenant net leased investment. There is much new retail construction nearby including a new Burger King, Popeye's and Q Mart/Convenience Store currently under construction. Close to Family Dollar Store, H&R Block and Marathon Gas. Could easily be converted back to a fast-casual restaurant with drive-thru.

Additional Details

Nearest MSA: Memphis
County: Shelby
Taxing Authority: City of Memphis
Tax ID/APN: 072047 00277
Zoning: COMMERCIAL- CL
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: James Road
Feet of Frontage: 925
Traffic/Vehicle Count: 21,487
Highway Access: 2 minutes to Interstate Highway 40.
Airports: 20 Minute drive to Memphis International Airport
Site Description: Free-standing building set back from street with equal distance on north and south sides. Easily maneuverable around building with drive-thru opportunity.
Area Description: Revitilized area of Fraser. Lots of new retail construction.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,036 SF
Property Condition: Average
Year Built: 1970
Year Renovated: 2008
Roof Type: Gable
Construction/Siding: Block
Total Parking Spaces: 40
Parking Type: Surface
Parking Description: Lined Black Top
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: DSL
Interior Description: Wide open floor plan. Lots of windows. Set up for office desks.
Zoning Description: Commercial- CL. Retail Restaurants, food stores, convenience stores, gas stations.
Lot Frontage: 93
Lot Depth: 287
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,354 85,350 228,099
Median Age: 36.06 32.2 33.11
Households: 2,550 30,578 88,906
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.