1551 Netherwood Ave
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1551 Netherwood Ave
2,491 SF Retail Building Memphis, TN 38106 £158,001 (£63/SF)
Investment Highlights
- Corner Location
- Neighborhood: Historic Glenview – a community-rich area known for its architectural charm and vibrant history
- Redevelopment Potential: Ideal for retail, community space, café, office, or mixed-use investment potential
Executive Summary
Discover this incredible redevelopment opportunity in the heart of the historic Glenview neighborhood! This former convenience store, located at 1551 Netherwood Ave, offers a prime location with immense potential for transformation. Perfectly suited for an owner-user seeking to bring a unique business to the community or an investor with a vision, this property has the charm and potential to become a local gem.
With its central location and community ties, this property offers a fantastic redevelopment opportunity. Whether you’re looking to create a neighborhood gathering spot, a unique local business, or a profitable investment, 1551 Netherwood is ready to be transformed to meet your vision.
Neighborhood Appeal
Glenview’s historic character and active community make it a great setting for new business ventures. Join a neighborhood that values connection, heritage, and growth – and position your project as part of its exciting future.
Don't miss out on the chance to bring new life to this versatile space! Contact us today for more information or to schedule a viewing.
With its central location and community ties, this property offers a fantastic redevelopment opportunity. Whether you’re looking to create a neighborhood gathering spot, a unique local business, or a profitable investment, 1551 Netherwood is ready to be transformed to meet your vision.
Neighborhood Appeal
Glenview’s historic character and active community make it a great setting for new business ventures. Join a neighborhood that values connection, heritage, and growth – and position your project as part of its exciting future.
Don't miss out on the chance to bring new life to this versatile space! Contact us today for more information or to schedule a viewing.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
Retail
Property Subtype
Building Size
2,491 SF
Building Class
C
Year Built
1920
Price
£158,001
Price Per SF
£63
Tenancy
Single
Number of Floors
1
Building FAR
0.48
Land Acres
0.12 AC
Zoning
C-L
Frontage
Amenities
- Corner Lot
- Signage
PROPERTY TAXES
| Parcel Number | 03-1009-0-0015 | Total Assessment | £13,823 |
| Land Assessment | £1,894 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £11,930 | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
03-1009-0-0015
Land Assessment
£1,894
Improvements Assessment
£11,930
Total Assessment
£13,823
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024 Payable 2025
-
Rasheedah Jones -
RM Jones Property Advisors
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1551 Netherwood Ave
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