258 Poplar Ave

    Memphis, TN 38103
    • $795,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 10018653
    UPDATED: 60 min ago
    $795,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1940
    County:

    School Ratings & Info

    Description

    Excellent opportunity for owner occupant to collect rent from the other 2 tenants and occupy the main corner space as well as the other vacant space. 258-260 Poplar Ave was bought in 2011 for $120,000. Approximately $500,000 was spent updating the 7,500 SF building and subdividing into 4 retail spaces. The building was 100% preleased prior to starting construction and the first tenants moved in 2013. Currently 2 of the 4 bays are leased, and the vacant space should lease for $3995 per month

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    © 2018 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: 2018-02-21T07:03:58.673.
    www.yourkeytomemphishomes.com/homes/80065930

    258 Poplar Ave Memphis, TN 38103

    • Price: $795,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: 10018653
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1940
    Built
    Neighborhood:
    City Of Memphis
    County:
    Shelby
    Area:
    Harbor Town/Downtown
    Property Description
    Excellent opportunity for owner occupant to collect rent from the other 2 tenants and occupy the main corner space as well as the other vacant space. 258-260 Poplar Ave was bought in 2011 for $120,000. Approximately $500,000 was spent updating the 7,500 SF building and subdividing into 4 retail spaces. The building was 100% preleased prior to starting construction and the first tenants moved in 2013. Currently 2 of the 4 bays are leased, and the vacant space should lease for $3995 per month
    Exterior Features

    Buildings 1 Location Corner Lot Size 50X148.5 Parking Facility Detached Road Frontage City Street Roof Built-Up Truck Loading Door Height No Truck Door

    Interior Features

    Average Ceiling Height 21-30.9 Feet Cooling System Central Cooling Floors Other (See Remarks) Foundation Slab Heating System Central Hot Water Electric Hot Water

    Property Features

    Annual City Tax 1904 Annual County Tax 2447 Commercial Type Office Contingency Type No Contingency Existing Financing Conventional Adjustable Information Available Investment AnalysisLeasesRent Roll Legal Subdivision Name City Of Memphis Lot Number 472 New Financing Conventional Possession Lease Possession Negotiable Sale Includes Building And Land Tenant Pays Other (See Remarks) Type Usage RetailOffice Zoning Cbd

    Listing information © 2018 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Garland Company Real Estate, L.



    © 2018 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: 2018-02-21T07:03:58.673.
    Crye-Leike Realtors
    6525 Quail Hollow Road
    Memphis TN, 38120