Multi-Tenant Office Building

Office for Sale
Catylist Listing ID: 30365478
Property Subtypes: Office Building
Building Size (RSF): 9,600 SF
Gross Building Area: See Agent
Gross Land Area: 0.76 Acres
Sale Price: $1,230,000
Unit Price: $128.13 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/5/2019

Overview / Comments

CRYE-LEIKE COMMERCIAL is pleased to present this two-story, multi-tenant office building situated on a prime corner lot in suburban Memphis, Tennessee. The new owner will benefit by the cash flow of existing tenants. Upside ALERT - This property also includes a .76 acre +/- unimproved commercial lot for future development. This building features multiple private office suites on two floors with elevator access and front/rear parking. One suite is currently available for lease. Contact us today for a private tour.

Additional Details

Nearest MSA: Memphis
County: Shelby
Tax ID/APN: 091053 00049
Zoning: OFFICE
Property Visibility: Excellent
Airports: Memphis International Airport
Area Description: Suburban
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,800 SF
Year Built: 2000
Roof Type: Hip
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 4-sided surface parking
Total Parking Spaces: 30
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,007 67,346 175,224
Median Age: 35.83 37.94 38.09
Households: 3,168 27,498 67,684

Source

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