2551 Mount Moriah RdMemphis, TN 38115

Property Details for 2551 Mount Moriah Rd

Year built

1975

Lot size

1.11 AC

Property size (Sq ft)

6,103 SF

Zone code

CMU-3

Property type

Auto shops

APN

074-001- - -00175

APU

7400100175

Description

This exceptional 6,103-square-foot commercial property, located at 2551 Mt Moriah Rd in Memphis, Tennessee, presents a unique investment opportunity. Situated on a 1.11-acre lot, this single-story building boasts a versatile layout previously used as an auto dealership and restaurant. The property is classified as Class C and features a creative office subtype, ideal for adaptive reuse. Built in 1975 and renovated in 2009, the structure offers significant potential for various commercial ventures. The property is served by MLGW power and benefits from its convenient East Memphis location, with easy access via Mendenhall Road. The sale price is $1.3 million. The property is being offered "as is," and showings are available. The building's single-tenant occupancy provides flexibility for a variety of uses. The substantial lot size offers ample parking and potential for expansion or outdoor amenities. This property represents a compelling opportunity for investors seeking a well-located, adaptable commercial space in a thriving Memphis submarket. The zip code is 38115.

• CAP approach

  CAP return

  Valuation

  6%

  $1,292,638

  6.5%

  $1,193,204

  7%

  $1,107,975

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,198,990

  Geo Method

  $1,198,990

• Alternative Use

  Use

  Valuation

  Residential

  $1,006,512

  Hospitality

  $921,960

  Educational

  $767,060

  Medical

  $793,440

  Retail

  $1,193,204

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0788

Longitude

-89.8867

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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