1300 Getwell RdMemphis, TN 38111

Property Details for 1300 Getwell Rd

Year built

1959

Lot size

0.98 AC

Property size (Sq ft)

11,952 SF

Zone code

CMU-1

Property type

Retail properties

Property subtype

Retail space

APN

058-115- - -00001

APU

5811500001

Description

This exceptional commercial property, located at 1300 Getwell Rd Suite 35, Memphis, TN 38111, offers 11,952 square feet of versatile space ideal for retail or office use. Situated on a 42,863 square foot lot in Shelby County, this single-tenant property boasts a modern layout and customizable interior, allowing for a distinctive and on-brand environment. The property features ample on-site parking, ensuring convenience for customers and employees. Its high visibility and easy access from major roads maximize exposure and attract significant foot traffic. The location in a bustling Memphis area combines residential neighborhoods with commercial establishments, offering proximity to shopping centers, restaurants, and parks. This prime location benefits from a blend of cultural influences, reflecting Memphis' rich history and proximity to attractions related to music, history, and Southern cuisine. This well-maintained property presents a rare opportunity to establish a thriving business in a sought-after area, offering excellent potential for a wide range of businesses. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,531,478

  6.5%

  $2,336,749

  7%

  $2,169,838

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,348,080

  Geo Method

  $2,348,080

• Alternative Use

  Use

  Valuation

  Residential

  $1,971,135

  Hospitality

  $1,805,549

  Educational

  $1,502,196

  Medical

  $1,553,858

  Retail

  $2,336,749

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0963

Longitude

-89.9305

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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