4561 Elvis Presley BlvdMemphis, TN 38116

Property Details for 4561 Elvis Presley Blvd

Year built

1969

Lot size

0.69 AC

Property size (Sq ft)

5,998 SF

Zone code

CMU-1

Property type

Retail properties

Property subtype

Auto shops

APN

077-058- - -00027

APU

7705800027

Description

This exceptional 5,998 square foot auto shop presents a compelling value-add investment opportunity in Memphis, Tennessee. Located at 4561 Elvis Presley Blvd, in the rapidly revitalizing Whitehaven community, this property sits on a sizable 0.69-acre lot and offers significant potential for growth. The single-story building, constructed in 1969, is currently 100% occupied, providing immediate cash flow. The property features 14 parking spaces, a significant advantage for customers and employees. Zoned CMU-1, the property offers flexibility for various uses within the permitted zoning guidelines. This owner-user investment opportunity is ideal for an established auto shop looking to expand or a savvy investor seeking a strong return in a thriving market. The building's substantial size and prime location within a revitalizing neighborhood make it a rare find. The existing structure provides a solid foundation for immediate use or future renovations to enhance its value and functionality. This is a chance to capitalize on the upward trajectory of the Whitehaven area and secure a valuable asset in a high-demand sector. The property's 100% occupancy ensures a steady income stream from day one, minimizing risk and maximizing return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,270,399

  6.5%

  $1,172,676

  7%

  $1,088,913

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,178,362

  Geo Method

  $1,178,362

• Alternative Use

  Use

  Valuation

  Residential

  $989,196

  Hospitality

  $906,098

  Educational

  $753,863

  Medical

  $779,789

  Retail

  $1,172,676

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0242

Longitude

-90.0257

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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