2240 Deadrick AveMemphis, TN 38114

Property Details for 2240 Deadrick Ave

Year built

1966

Lot size

0.79 AC

Property size (Sq ft)

5,940 SF

Zone code

RU-1

Property type

Office properties

Property subtype

Office buildings

APN

047-020- - -00031-C

APU

04702000031C

Description

This exceptional Memphis commercial property, located at 2240 Deadrick Ave, offers a unique blend of retail and executive office space, totaling 6,440 square feet. The building features 5,940 square feet of office space, thoughtfully arranged over two stories, and recently refreshed. Three separate entrances provide convenient access to the offices. The property also includes 3,800 square feet of covered space (90' x 40'), ideal for storage or additional operations, with a generous 14-foot ceiling clearance. Two external dock doors facilitate efficient loading and unloading. The one-acre lot is fully fenced and asphalted, providing ample space and security. Situated in Shelby County, TN (zip code 38114), this property benefits from a prime location, just six minutes from I-240, FedEx and UPS hubs, and Memphis International Airport. The property is zoned RU-1. This is a fantastic opportunity to acquire a versatile and well-maintained commercial building in a high-demand area. The asking price is $350,000.

• CAP approach

  CAP return

  Valuation

  6%

  $855,860

  6.5%

  $790,024

  7%

  $733,594

• Comparable approach

  Method

  Valuation

  Relative Method

  $463,082

  Geo Method

  $463,082

• Alternative Use

  Use

  Valuation

  Residential

  $979,630

  Hospitality

  $897,336

  Educational

  $746,573

  Medical

  $772,249

  Retail

  $1,161,336

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1048

Longitude

-89.9879

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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