Hollywood Furniture | 2455-2461 Chelsea Ave
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Hollywood Furniture 2455-2461 Chelsea Ave
14,000 SF Vacant Retail Building Memphis, TN 38108 £547,714 (£39/SF)
Investment Highlights
- Perfectly located at Chelsea Avenue and North Hollywood Street, heavily traveled intersection with high visibility.
- Highly visible signage and ample on-site parking.
- Situated northeast of downtown Memphis, between the Hyde Park and Hollywood neighborhoods.
- Expansive open-concept floorplan, offering versatility and freedom in design and functionality.
- Desirable demographics include over 230,000 residents with a total of $2.1B in consumer spending within five miles.
Executive Summary
NOW BEING SOLD WITH 2547 CHELSEA AVE TO COMPLETE ENTIRE CORNER LOT
Join Memphis history by becoming a part of the legacy of this iconic 14,000 square foot building, once the home of Hollywood Furniture and Hardware for a century! Situated in a proven location, this property offers an ideal opportunity for a new business venture. Included in this sale are four properties: 2455 Chelsea Ave, 2461 Chelsea Ave, 1394 Hollywood, and 2469 Chelsea (which includes a 7500 sq ft. vacant lot), combining to provide approximately 250 feet of road frontage. Seize this rare opportunity and make your mark in Memphis.
Join Memphis history by becoming a part of the legacy of this iconic 14,000 square foot building, once the home of Hollywood Furniture and Hardware for a century! Situated in a proven location, this property offers an ideal opportunity for a new business venture. Included in this sale are four properties: 2455 Chelsea Ave, 2461 Chelsea Ave, 1394 Hollywood, and 2469 Chelsea (which includes a 7500 sq ft. vacant lot), combining to provide approximately 250 feet of road frontage. Seize this rare opportunity and make your mark in Memphis.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
14,000 SF
Building Class
C
Year Built
1927
Price
£547,714
Price Per SF
£39
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Building FAR
0.64
Lot Size
0.50 AC
Zoning
CH
Parking
10 Spaces (0.71 Spaces per 1,000 SF Leased)
Frontage
250 ft on Chelsea & Hollywood
Amenities
- Bus Route
- Corner Lot
- Courtyard
- Security System
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £93,894 | |
| Land Assessment | £8,607 | Total Assessment | £102,501 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£8,607
Improvements Assessment
£93,894
Total Assessment
£102,501
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Hollywood Furniture | 2455-2461 Chelsea Ave
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