For Sale or Lease

Office for Sale
Catylist Listing ID: 30215057
Property Subtypes: Governmental, Institutional, Medical, Mixed Use, Flex Space, Office Building, Research & Development, Other
Building Size (RSF): 11,565 SF
Gross Land Area: 0.76 Acres
Sale Price: $695,000
Unit Price: $60.10 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: French Riviera
Class of Space: Class B
Sale Terms: Cash to Seller, Purchase Money Mortgage, Sale/Leaseback
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 12/31/2018

Overview / Comments

This two story, state-of-the-art fitness facility comes complete with:
• Reception area
• Passenger elevator
• Men's and women's locker rooms both upstairs and down with granite
countertops. (Upstairs locker rooms also have shower facilities)
• Private offices, storage, and break room
• Large, open area with wood flooring; perfect for group fitness classes
• Hydro massage room
• Security system
• Ample parking
• Downstairs offers large open areas to accommodate weight and cardio

Additional Details

Nearest MSA: Memphis
County: Shelby
Taxing Authority: Shelby County
Tax ID/APN: 087001 00036
Zoning: CMU-2
Property Located Between: Yale and Singleton
Property Visibility: Excellent
Airports: MEM
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,600 SF
Year Built: 1986
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Lovely freestanding brick building on immaculately kept grounds.
Parking Type: Surface
Total Parking Spaces: 45
Passenger Elevators: 1
Air Conditioning: Package Unit
Zoning Description: CMU-2
Lot Frontage: 161
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,596 73,547 201,635
Median Age: 36.52 33.56 33.92
Households: 5,908 27,017 71,835


Photograph of Listing Agent

Jeff Waddell

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.