2222 Frayser Blvd

    Memphis, TN 38127
    • $825,000
    • STATUS: Active
    • ON SITE: 94 days
    • ID#: 10038951
    UPDATED: 84 min ago
    $825,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1976
    County:

    School Ratings & Info

    Description

    Fully-Occupied Retail Center at Traffic Light on Frayser Blvd. All Over $9,600 per month income. Strong tenant mix with National Wireless Franchisee as anchor tenant. Purchase and hold as "mailbox money" investment or purchase for retail redevelopment. Projected 2018 NOI just over $97,000. SOLD AS PACKAGE with 2688 FRAYSER BLVD.

    Monthly Payment Calculator



    © 2019 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Crye-Leike Realtors. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2019-01-21T21:03:16.617.
    www.yourkeytomemphishomes.com/homes/88644737

    2222 Frayser Blvd Memphis, TN 38127

    • Price: $825,000
    • Status: Active
    • Updated: 84 min ago
    • ID#: 10038951
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1976
    Built
    Neighborhood:
    University Circle Sec B
    County:
    Shelby
    Area:
    Frayser - North
    Property Description
    Fully-Occupied Retail Center at Traffic Light on Frayser Blvd. All Over $9,600 per month income. Strong tenant mix with National Wireless Franchisee as anchor tenant. Purchase and hold as "mailbox money" investment or purchase for retail redevelopment. Projected 2018 NOI just over $97,000. SOLD AS PACKAGE with 2688 FRAYSER BLVD.
    Exterior Features

    Buildings 1 Location CornerStrip CenterFree StandingCity Lot Size .56AC 136.815/142.87X164.805/172.37 Parking Facility Asphalt/Blacktop1-15 Spaces Road Frontage City Street Roof Flat Truck Loading Door Height No Truck Door

    Interior Features

    Average Ceiling Height 8-10.9 Feet Cooling System Central Cooling Floors Tile Foundation Slab Heating System CentralGas Hot Water Electric Hot WaterPublic WaterPublic Sewer

    Property Features

    Actual Annual Rent 115400 Annual City Tax 2778 Annual County Tax 3573 Annual Insurance Expenses 4327 Annual Land Lease Payment 0 Annual Misc Income 0 Annual Operating Expenses 17838 Average Annual Utilities 0 Commercial Type Commercial Contingency Type No Contingency Existing Financing Other (See Remarks) Information Available Investment AnalysisTax Info AvailableBrochureLeasesRent Roll Legal Subdivision Name University Circle Sec B Lot Number 2 New Financing Other (Call La) Percent Occupancy 100 Possession Lease Possession At ClosingTenants Rights1-5 Years LeaseLease W/ Escalation Sale Includes Building And Land Tenant Pays All UtilitiesInside RepairsOther (See Remarks) Type Usage Retail Zoning Cmu-1

    Listing information © 2019 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Metropolis Real Estate Service.



    © 2019 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Crye-Leike Realtors. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2019-01-21T21:03:16.617.
     
    Crye-Leike Realtors
    6525 Quail Hollow Road
    Memphis TN, 38120