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829 Mt Moriah Rd 1,570 SF Retail Building Memphis, TN 38117 $429,900 ($273.82/SF) 10.47% Cap Rate
Investment Highlights
- Heavy daytime, traffic and visibility
- New Air Condition and HVAC system with new bathrooms
Executive Summary
Exceptional 1,570 SF single-level commercial property ideally situated in the heart of East Memphis, right off the highly traveled Poplar Avenue and Mendenhall Road corridor. Located directly opposite the Eastgate Shopping Center and just steps from iconic local staples like Gibson’s Donuts, this property benefits from high foot traffic, outstanding visibility, and a premier surrounding retail and dining landscape.
*Flexible Investment or Owner-User Potential: Currently operating as an active spa generating $3,750/month in income ($45,000 annually), presenting an incredible turnkey opportunity for an investor or a business owner looking to occupy.
*Fully Conditioned Space: 1,570 SF of heated and air-conditioned space thoughtfully laid out for service, wellness, office, or boutique retail use.
*Unbeatable Location: Surrounded by high-end retail, fine dining, and established commercial hubs in one of Memphis's most sought-after business districts.
*Flexible Investment or Owner-User Potential: Currently operating as an active spa generating $3,750/month in income ($45,000 annually), presenting an incredible turnkey opportunity for an investor or a business owner looking to occupy.
*Fully Conditioned Space: 1,570 SF of heated and air-conditioned space thoughtfully laid out for service, wellness, office, or boutique retail use.
*Unbeatable Location: Surrounded by high-end retail, fine dining, and established commercial hubs in one of Memphis's most sought-after business districts.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,570 SF
Building Class
C
Year Built
1951
Price
$429,900
Price Per SF
$273.82
Cap Rate
10.47%
NOI
$45,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.24 AC
Zoning
O-G - Commercial (Office General)
Parking
10 Spaces (6.37 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-5050-0-0017 | Total Assessment | $81,240 (2025) |
| Land Assessment | $45,040 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $36,200 (2025) | Tax Year | 2023 Payable 2027 |
Property Taxes
Parcel Number
06-5050-0-0017
Land Assessment
$45,040 (2025)
Improvements Assessment
$36,200 (2025)
Total Assessment
$81,240 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2027
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Contact the Sale Advisor
829 Mt Moriah Rd