Lovely Summer Ave Retail/Office Rental Property

Retail-Commercial for Sale
Catylist Listing ID: 30210547
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 1,195 SF
Gross Building Area: See Agent
Sale Price: $109,900
Unit Price: $91.97 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 9.6%
Last Updated: 5/7/2018

Overview / Comments

This turn-key, high-visibility retail/office freestanding building in Memphis, Tennessee is a former sound engineering studio; on Summer Ave, one of Memphis's most highly trafficked roadways, this property has excellent long-term appeal. Amenities include a large parking area, high-density residential environment, clean and attractive finishes throughout. An Opportunity to Own a Nicely-situated Boutique Office in the Central Memphis MSA.

Attachments & Media

Additional Details

Nearest MSA: Memphis
County: Shelby

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,381 105,395 292,403
Median Age: 33.32 34.12 35.74
Households: 6,414 41,971 116,349
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