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3270 S Highway 51
Memphis, TN 38116
Retail Property For Sale
Investment Highlights
- Corner lot
- Near Elvis Presley Tourism
- LARGE ACREAGE
- Located near transportation options
Executive Summary
NNN Leased Investment property, with Redevelopment potential. 4 acres +/- Former Automotive Dealership. Multiple Tenants
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
45,000 SF
Building Class
C
Year Built/Renovated
1960/2023
Price
$2,800,000
Price Per SF
$62.22
Cap Rate
7%
NOI
$196,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
4.33 AC
Zoning
CH - Industrial/ Commercial Sale also included 3270 S Highway 51 (Elvis Presley Blvd)
Parking
76 Spaces (1.69 Spaces per 1,000 SF Leased)
Frontage
129’ on Elvis Presley Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 07-8002-0-0002C | Improvements Assessment | $258,280 |
| Land Assessment | $105,520 | Total Assessment | $363,800 |
Property Taxes
Parcel Number
07-8002-0-0002C
Land Assessment
$105,520
Improvements Assessment
$258,280
Total Assessment
$363,800
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
