1616 Winchester RdMemphis, TN 38116
Prime Memphis location, high-cap rate investment.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- Exceptional mixed-use property at 1616 Winchester Rd, Memphis, TN 38116.
- 2,524 sq ft building on a gated lot with a detached three-car garage and 65 parking spaces.
- 100% occupancy with a credit-rated corporate tenant on a NNN lease; current NOI $24,000 (8.28% cap rate), pro-forma NOI $30,288 (10.45% cap rate).
- Renovated in 2015, featuring two offices and two bathrooms; zoned for retail, restaurant, and office uses.
- Asking price: $289,901 ($114.86/sq ft); currently under-rented at $9.51/sq ft, market rate $12-15/sq ft.
Property Details for 1616 Winchester Rd
- Property type
- Retail properties, Restaurants
- Square Feet
- 2,524 SF
- Year Renovated
- 2015
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.053817427404
- Longitude
- -90.010063652439
Nearby Similar for Sale
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