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1782-1798 Madison Ave 12,000 SF 100% Leased Retail Building Memphis, TN 38104 $2,396,850 CAD ($199.74 CAD/SF) 7.18% Cap Rate
Executive Summary
Very stable investment opportunity with large upside. Property sits on over 3/4 of an acre.
https://1786Madison.crye-leike.com
https://1786Madison.crye-leike.com
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,000 SF
Building Class
C
Year Built/Renovated
1927/1992
Price
$2,396,850 CAD
Price Per SF
$199.74 CAD
Cap Rate
7.18%
NOI
$172,188 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.83 AC
Zoning
CMU-3 - Commercial Mixed Use
Parking
75 Spaces (5.23 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Very walkable
80/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-7048-0-0016C | Improvements Assessment | $197,258 CAD |
| Land Assessment | $160,617 CAD | Total Assessment | $357,875 CAD |
Property Taxes
Parcel Number
01-7048-0-0016C
Land Assessment
$160,617 CAD
Improvements Assessment
$197,258 CAD
Total Assessment
$357,875 CAD
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1782-1798 Madison Ave
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