258 Poplar AveMemphis, TN 38118

Property Details for 258 Poplar Ave

Year built

1940

Lot size

0.17 AC

Property size (Sq ft)

10,000 SF

Zone code

CBD

Property type

Office properties

Property subtype

Office buildings

APN

001-043- - -00016

APU

104300016

Description

This exceptional 7,500 square foot multi-tenant retail building, located at 258 Poplar Avenue in Memphis, Tennessee, presents a fantastic leasing opportunity. Currently, 1,657 square feet of prime restaurant space is available within this established commercial property situated in Shelby County, zip code 38118. The building's total area encompasses 7,500 square feet, offering ample space for a variety of retail uses. The available space is ideal for a restaurant seeking a high-visibility location in a bustling Memphis commercial district. The property's address is easily accessible and benefits from high foot traffic and excellent visibility. This presents a unique chance to establish or expand a restaurant business in a thriving area of Memphis. The location offers significant potential for growth and success, given its prime position on Poplar Avenue. The available space is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities of this exceptional retail space. This is a rare opportunity to secure a well-located, sizable restaurant space in a desirable Memphis neighborhood. The property is zoned for commercial use and is ready for immediate lease. Detailed floor plans and lease terms are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,440,842

  6.5%

  $1,330,008

  7%

  $1,235,007

• Comparable approach

  Method

  Valuation

  Relative Method

  $779,600

  Geo Method

  $779,600

• Alternative Use

  Use

  Valuation

  Residential

  $1,649,209

  Hospitality

  $1,510,667

  Educational

  $1,256,857

  Medical

  $1,300,082

  Retail

  $1,955,111

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1491

Longitude

-90.0456

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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