948 Reddoch CvMemphis, TN 38119

This exceptional 2,149 square foot Class B executive office building, constructed in 1954, sits on a 0.274-acre lot in the heart of East Memphis, Tennessee (APN: 056038 00007). Located just off Poplar Avenue, it benefits from high visibility and significant traffic (38,809 AADT). The property boasts a strong net operating income (NOI) of $41,803.19. Currently, the building is occupied by Brent Taylor and Paul McCarver Funeral Directors under a lease expiring April 30, 2025 (lease term: 61.5 months, start date: March 15, 2020). Additionally, parking spaces are leased to Sunrise Memphis under a separate 120-month lease (start date: December 19, 2022, end date: December 19, 2032). The surrounding area features a high concentration of retail establishments, including well-known national and local brands such as Office Depot, Domino's Pizza, The Fresh Market, and many more, indicating a strong and vibrant commercial environment. The 1-mile household median income of $108,893 further underscores the desirability of this location. This property presents a compelling investment opportunity in a thriving East Memphis market.