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Hollywood Furniture 2455-2461 Chelsea Ave 14,000 SF Retail Building Memphis, TN 38108 $399,000 ($28.50/SF)
Investment Highlights
- Approx. 14,000 SF building, formerly home to Hollywood Furniture and Hardware for over 100 years
- Combined properties offer approximately 250 feet of road frontage
- Four properties included in the sale: 2455 Chelsea Ave 2461 Chelsea Ave 1394 Hollywood 2469 Chelsea (approx. 7,500 SF vacant lot)
- Rare offering with strong visibility and redevelopment potential
Executive Summary
Want to be a part of Memphis History? This ~14,000 Square ft. building was the home of Hollywood Furniture and Hardware for 100 years! The proven location is the perfect place for a new business. There four properties included in this sale: 2455 Chelsea Ave, 2461 Chelsea Ave, 1394 Hollywood, and 2469 Chelsea (7500 sq ft. Vacant Lot) combine to offer ~250ft of Road Frontage. Don't miss out on this rare opportunity!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,000 SF
Building Class
C
Year Built
1927
Price
$399,000
Price Per SF
$28.50
Tenancy
Single
Building Height
1 Story
Building FAR
0.64
Lot Size
0.50 AC
Zoning
CH - Highway Commercial. To accommodate higher-intensity commercial uses of a predominantly auto-oriented character, including retail, rental, etc.
Parking
10 Spaces (0.71 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Corner Lot
- Courtyard
- Security System
- Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $131,680 | |
| Land Assessment | $12,360 | Total Assessment | $144,040 |
Property Taxes
Parcel Numbers
Land Assessment
$12,360
Improvements Assessment
$131,680
Total Assessment
$144,040
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Contact the Sale Advisor
Hollywood Furniture | 2455-2461 Chelsea Ave