5175 Millbranch RdMemphis, TN 38116

Property Details for 5175 Millbranch Rd

Year built

1969

Lot size

0.34 AC

Property size (Sq ft)

1,618 SF

Zone code

CMU-1

Property type

Drive through restaurants

APN

079-097- - -00022

APU

7909700022

Description

This exceptional 2,400 square foot restaurant located at 5175 Millbranch Rd, Memphis, TN 38116, is offered at $650,000. Situated in the thriving Whitehaven neighborhood of Shelby County, this turnkey establishment boasts a wealth of recent upgrades, making it an ideal investment opportunity. The property underwent a complete renovation in 2023, including a new roof, new plumbing, new electrical systems, a new water heater, and a brand-new air conditioning unit. Furthermore, the sewer lines have been replaced, ensuring the property's long-term functionality and minimizing potential maintenance costs. All kitchen equipment is also from early 2023, providing a modern and efficient workspace for culinary operations. The asking price of $650,000 translates to $270.83 per square foot, reflecting the value of the recent renovations and the prime location within a rapidly developing area. This restaurant presents a unique chance to acquire a fully updated, move-in ready commercial property in a high-growth market. The property's excellent condition and modern amenities minimize the need for immediate capital expenditures, allowing for a swift and seamless transition into operations. This is a rare opportunity to own a well-maintained, fully equipped restaurant in a desirable Memphis location.

• CAP approach

  CAP return

  Valuation

  6%

  $342,698

  6.5%

  $316,337

  7%

  $293,741

• Comparable approach

  Method

  Valuation

  Relative Method

  $317,871

  Geo Method

  $317,871

• Alternative Use

  Use

  Valuation

  Residential

  $266,842

  Hospitality

  $244,426

  Educational

  $203,359

  Medical

  $210,353

  Retail

  $316,337

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0072

Longitude

-90.008

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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