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592-594 N 2nd St 3,404 SF Retail Building Memphis, TN 38105 $899,000 ($264.10/SF)
EXECUTIVE SUMMARY
Exceptional investment prospect. Triple Net 3yr contract starting August 1st, 2025. Presently operating as an academy school with tenant's lease covering the adjacent land parcel.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,404 SF
Building Class
C
Year Built
1938
Price
$899,000
Price Per SF
$264.10
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
MU - Mixed Use Zoning
Parking
4 Spaces (1.18 Spaces per 1,000 SF Leased)
Frontage
27’ on 2nd St
AMENITIES
- Security System
- Air Conditioning
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $45,200 | |
| Land Assessment | $19,720 | Total Assessment | $64,920 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$19,720
Improvements Assessment
$45,200
Total Assessment
$64,920
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592-594 N 2nd St
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