1544-1550 Netherwood Ave
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1544-1550 Netherwood Ave
5,225 SF 50% Leased Retail Building Memphis, TN 38106 £126,161 (£24/SF)
Investment Highlights
- Hard corner
- Great redevelopment opportunity.
Executive Summary
Great opportunity for a community redevelopment project. This is a hard corner in the coveted community of Glenview. 2 retail bays with 50% occupancy by long time tenant. Great incentives in the area for developers. Call today for a private or virtual tour.
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
Sale Condition
Shell & Core
Property Type
Building Size
5,225 SF
Building Class
C
Year Built
1930
Price
£126,161
Price Per SF
£24
Percent Leased
50%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.37
Land Acres
0.32 AC
Zoning
C-L - limited commercial zone
Parking
10 Spaces (1.91 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Corner Lot
- Signage
PROPERTY TAXES
| Parcel Number | 03-1008-0-0009 | Total Assessment | £33,591 (2024) |
| Land Assessment | £5,562 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £28,030 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
03-1008-0-0009
Land Assessment
£5,562 (2024)
Improvements Assessment
£28,030 (2024)
Total Assessment
£33,591 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
-
Rasheedah Jones -
RM Jones Property Advisors
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1544-1550 Netherwood Ave
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