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1782-1798 Madison Ave 12,000 SF 100% Leased Retail Building Memphis, TN 38104 $1,790,000 ($149.17/SF) 6.98% Cap Rate
EXECUTIVE SUMMARY
Very stable investment opportunity with large upside. Property sits on over 3/4 of an acre.
https://1786Madison.crye-leike.com
https://1786Madison.crye-leike.com
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,000 SF
Building Class
C
Year Built/Renovated
1927/1992
Price
$1,790,000
Price Per SF
$149.17
Cap Rate
6.98%
NOI
$125,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.83 AC
Zoning
CMU-3 - Commercial Mixed Use
Parking
75 Spaces (5.23 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-7048-0-0016C | Improvements Assessment | $143,200 |
| Land Assessment | $116,600 | Total Assessment | $259,800 |
PROPERTY TAXES
Parcel Number
01-7048-0-0016C
Land Assessment
$116,600
Improvements Assessment
$143,200
Total Assessment
$259,800
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1782-1798 Madison Ave
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