1578 Getwell RdMemphis, TN 38111

Property Details for 1578 Getwell Rd

Year built

1946

Lot size

0.10 AC

Property size (Sq ft)

1,872 SF

Zone code

CMU-1

Property type

Retail properties

Property subtype

Retail space

APN

058-155- - -00138

APU

5815500138

Description

This exceptional investment opportunity presents a 2,000 square foot storefront located at 1578 Getwell Rd, Memphis, TN 38111. The property, part of a two-building condominium complex, is currently leased to a long-term, stable tenant, Metro PCS, ensuring a consistent income stream. The asking price is $225,000, translating to a price per square foot of $112.50. The property boasts a strong net operating income (NOI) of $17,733, yielding an attractive 7.88% capitalization rate. The single-story building is zoned for commercial use and offers a total of 2,000 square feet of net rentable space. This is a single-unit property within a two-building complex, making it an ideal investment for those seeking a low-maintenance, high-return retail asset in a thriving Memphis location. The property's strong tenant and favorable financial metrics make it a compelling opportunity for investors seeking stable income and potential appreciation. The location in Shelby County provides easy access to major transportation routes and a dense customer base. This is a turnkey investment ready for immediate income generation. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $396,497

  6.5%

  $365,997

  7%

  $339,854

• Comparable approach

  Method

  Valuation

  Relative Method

  $367,772

  Geo Method

  $367,772

• Alternative Use

  Use

  Valuation

  Residential

  $308,732

  Hospitality

  $282,797

  Educational

  $235,284

  Medical

  $243,375

  Retail

  $365,997

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0886

Longitude

-89.9307

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].