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5123 S Third St S

Memphis, TN 38109
  • $250,000
  • STATUS: Active
  • ON SITE: 39 Days
  • ID#: 10131561
UPDATED: 182 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 ****Motivated seller***

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© 2022 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 eXp Realty, LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2022-09-28T00:03:19.56.
www.yourkeytomemphishomes.com/homes/132300838
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5123 S Third St S Memphis, TN 38109

  • Price: $250,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 182 min ago
  • ID#: 10131561
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 ****Motivated seller***
Exterior Features

Buildings 3 Location CityFree Standing Lot Size 710/0X521/470 + Parking Facility ConcreteGravel Road Frontage City StreetUs 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 Flooring Foundation Slab Heating System Other (See Remarks) Hot Water Other (See Remarks)

Property Features

Annual City Tax 2609 Annual County Tax 3306 Commercial Type Other (See Remarks) 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 Cash OnlyConventional Possession Lease Possession At Closing Sale Includes Building And Land Tenant Pays Other (See Remarks) Type Usage OfficeOther (See Remarks)Retail

Listing information © 2022 Memphis Area Association of REALTORS®.
Listing provided courtesy of Progressive Realty Services: 901-507-0498.



© 2022 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 eXp Realty, LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2022-09-28T00:03:19.56.
 
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eXp Realty, LLC
5865 Ridgeway Center Parkway, Suite 218
Memphis TN, 38120