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2845 Houston Levee Rd
Cordova, TN 38016
Retail Property For Sale
Investment Highlights
- Flexible Purchase Options with Split Parcel Opportunity
- Strong Market Fundamentals
- Prime Location with Excellent Accessibility
Executive Summary
Graystone Capital Advisors is pleased to present an exceptional multi-tenant retail investment opportunity at 2845 Houston Levee Road in Memphis, TN. This 13,000 square-foot property sits on a large 5.64-acre parcel, with the option to split the lot into two separate pieces. One parcel includes the building, while the other is vacant land, providing flexibility for potential buyers. The asset is occupied by a stable and diverse mix of medical and commercial tenants.
Strategically positioned on a major thoroughfare in the affluent Cordova submarket, the property boasts excellent accessibility and high visibility. The investment includes a significant value-add component with approximately 2 acres of excess buildable land, valued at an estimated $950,000. This presents a rare opportunity for future development, a partial sale, or the option to split the property into two parcels, unlocking substantial additional value.
Strategically positioned on a major thoroughfare in the affluent Cordova submarket, the property boasts excellent accessibility and high visibility. The investment includes a significant value-add component with approximately 2 acres of excess buildable land, valued at an estimated $950,000. This presents a rare opportunity for future development, a partial sale, or the option to split the property into two parcels, unlocking substantial additional value.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,000 SF
Building Class
B
Year Built/Renovated
1984/2004
Price
$3,200,000
Price Per SF
$246.15
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
5.64 AC
Zoning
CP - Planned Community
Parking
50 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
150’ on Houston Levee Rd
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 09-6200-0-0178C | Improvements Assessment | $635,000 |
| Land Assessment | $439,360 | Total Assessment | $1,074,360 |
Property Taxes
Parcel Number
09-6200-0-0178C
Land Assessment
$439,360
Improvements Assessment
$635,000
Total Assessment
$1,074,360
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