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1782-1798 Madison Ave 12,000 SF 80% Leased Retail Building Memphis, TN 38104 $2,439,358 CAD ($203.28 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
$2,439,358 CAD
Price Per SF
$203.28 CAD
Cap Rate
7.18%
NOI
$175,241 CAD
Percent Leased
80%
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
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Full kitchen with ventahood. Capacity of 80 per the Shelby County Health Dept.
| Space | Size | Space Use | Position | Available |
| 1788 | 2,400 SF | Retail | - | Now |
1788
| Size |
| 2,400 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1788
| Size | 2,400 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Full kitchen with ventahood. Capacity of 80 per the Shelby County Health Dept.
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 | $203,474 CAD |
| Land Assessment | $165,678 CAD | Total Assessment | $369,152 CAD |
Property Taxes
Parcel Number
01-7048-0-0016C
Land Assessment
$165,678 CAD
Improvements Assessment
$203,474 CAD
Total Assessment
$369,152 CAD
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1782-1798 Madison Ave
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