For Sale
$275,000

385 Scott StMemphis, TN 38112

Established Market, High Returns

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a well-established grocery store, You's Supermarket, located at 385 and 391 Scott St, Memphis, TN 38112. Boasting over 30 years of service to the community, this thriving business enjoys a loyal customer base and consistent revenue streams. The property consists of two connected buildings, currently leased to two tenants. One lease generates $500 per month, while the other brings in $600 per month, both on a month-to-month basis. It's important to note that one lease is set to expire in July 2024. The sale includes all existing store equipment and inventory, valued at $35,000. The asking price for this turnkey operation is $275,000. The property is being sold "as-is," providing a unique chance for an investor to capitalize on a long-standing, profitable business in a desirable Memphis location. This presents a rare opportunity to acquire a profitable, established business with significant potential for growth and return on investment. The property's location in Shelby County offers easy access to a dense residential area, ensuring a steady flow of customers. This is a fantastic opportunity for an experienced investor looking to acquire a profitable, established business with significant upside potential. The sale includes all existing fixtures, equipment, and inventory, making this a truly turnkey operation.

Highlights

  • $275,000 asking price for a profitable business and building.
  • Established Memphis grocery store with over 30 years in business and loyal customer base.
  • Two connected buildings at 385, 387, and 391 Scott St, Memphis, TN 38112.
  • Includes all equipment and $35,000 inventory.
  • Two tenants with month-to-month leases ($500 and $600/month); one lease expires July 2024.
  • Property sold as-is.

Property Details for 385 Scott St

Property type

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1431225
Longitude
-89.9675111
385 Scott St, Memphis, Tennessee

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385 Scott St
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