Skip To Content

    5123 S Third St S

    Memphis, TN 38109
    • $250,000
    • STATUS: Active
    • ON SITE: 31 Days
    • ID#: 10109114
    UPDATED: 10 min ago
    $250,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1959
    County:
    Area:

    School Ratings & Info

    Description

    Great development opportunity for all investors looking to invest in commercial retail property. All 3 building would be great for retail stores and/or offices. Property sits on 3.04 acres with 727' of frontage on Hwy 61.Traffic count of average 12k to the north of the property and 14k to the south.Zoning us CMU-3. The oldest building is historic (JOURNEY MOTEL COURT) that was built in 1943. NEW ROOF installed on 1st building **Motivated seller**

    Monthly Payment Calculator



    © 2021 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: 2021-10-22T09:03:05.553.
    www.yourkeytomemphishomes.com/homes/121606224
    Print Image

    5123 S Third St S Memphis, TN 38109

    • Price: $250,000
    • Status: Active
    • Updated: 10 min ago
    • ID#: 10109114
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1959
    Built
    Neighborhood:
    Goodman Blk B
    County:
    Shelby
    Area:
    Coro Lake
    Property Description
    Great development opportunity for all investors looking to invest in commercial retail property. All 3 building would be great for retail stores and/or offices. Property sits on 3.04 acres with 727' of frontage on Hwy 61.Traffic count of average 12k to the north of the property and 14k to the south.Zoning us CMU-3. The oldest building is historic (JOURNEY MOTEL COURT) that was built in 1943. NEW ROOF installed on 1st building **Motivated seller**
    Exterior Features

    Buildings 3 Location Free Standing Lot Size 710/0X521/470 + Parking Facility ConcreteGravel Road Frontage Us Highway Roof Other (Call La) Truck Loading Door Height 9-12 Feet

    Interior Features

    Average Ceiling Height 8-10.9 Feet Cooling System Other (See Remarks) Floors Other (See Remarks) Foundation Other (Call La) Heating System Other (See Remarks) Hot Water Other (See Remarks)

    Property Features

    Annual City Tax 2609 Annual County Tax 3306 Commercial Type Commercial Contingency Type No Contingency Existing Financing Clear Information Available Other (See Remarks) Legal Subdivision Name Goodman Re Blk B Lot Number 1-4 New Financing Other (Call La) Possession Lease Possession At Closing Sale Includes Building And Land Tenant Pays Other (See Remarks) Type Usage OfficeOther (See Remarks)Retail

    Listing information © 2021 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Progressive Realty Services.



    © 2021 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: 2021-10-22T09:03:05.553.
     
    https://bt-photos.global.ssl.fastly.net/memphis/orig_boomver_1_10109114-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/orig_boomver_1_10109114-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/orig_boomver_1_10109114-2.jpg
    Logo
    Crye-Leike Realtors
    6525 Quail Hollow Road
    Memphis TN, 38120