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5149 Wheelis Dr 8,145 SF Retail Building Memphis, TN 38117 $1,691,808 CAD ($207.71 CAD/SF)
Investment Highlights
- Zoned CMU-1 (Commercial Mixed Use), Suitable for retail, office, medical, salon, or professional service users
- Ample on-site parking
- Second floor suitable for office use or residential
- Excellent East Memphis location near Poplar Avenue and I-240
- Beautiful, full width entry room
- Strong demographics and established surrounding neighborhoods
Executive Summary
Freestanding commercial building in the heart of East Memphis, ideal for an owner-user or investor. The property is zoned CMU-1 (Commercial Mixed Use), allowing for a variety of retail, office, medical, and personal service uses. Conveniently located just off Poplar Avenue with excellent access to I-240 and surrounded by established residential neighborhoods and commercial development.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,145 SF
Building Class
B
Year Built/Renovated
1954/2007
Price
$1,691,808 CAD
Price Per SF
$207.71 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.38
Lot Size
0.49 AC
Zoning
CMU-1 - Zoning: CMU-1 (Commercial Mixed Use) – Flexible commercial zoning accommodating retail, office, medical, restaurant, and personal service uses.
Parking
32 Spaces (3.93 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-6034-0-0004 | Improvements Assessment | $309,228 CAD |
| Land Assessment | $215,558 CAD | Total Assessment | $524,787 CAD |
Property Taxes
Parcel Number
05-6034-0-0004
Land Assessment
$215,558 CAD
Improvements Assessment
$309,228 CAD
Total Assessment
$524,787 CAD
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5149 Wheelis Dr
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