2779 Whitten RdMemphis, TN 38133

Property Details for 2779 Whitten Rd

Year built

1999

Lot size

0.46 AC

Property size (Sq ft)

3,876 SF

Zone code

CMU-3

Property type

Retail properties

Property subtype

Bars

APN

095-100- - -00057

APU

9510000057

Description

This exceptional 3,411 square foot retail property, situated on a 0.46-acre lot in Memphis, Tennessee's Bartlett area, presents a remarkable investment opportunity. Conveniently located just off U.S. Route 79, this established bar/restaurant benefits from high visibility and proximity to major commercial retailers, industrial centers, and residential areas, ensuring a robust customer base. The property boasts ample parking for both employees and patrons, a significant advantage in a high-traffic location. Recent upgrades significantly enhance the property's value and functionality. These improvements include the complete replacement of all four HVAC units, the hot water heater, and a full renovation of the bathrooms. Furthermore, the outdoor patio area has also been updated. The property's current operational status requires that interested parties refrain from disturbing the existing business. This turnkey opportunity is ideal for an established business seeking expansion or a new venture looking for a well-maintained space in a prime location. Detailed financial information and operational details are available upon request. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $820,951

  6.5%

  $757,801

  7%

  $703,672

• Comparable approach

  Method

  Valuation

  Relative Method

  $761,476

  Geo Method

  $761,476

• Alternative Use

  Use

  Valuation

  Residential

  $639,234

  Hospitality

  $585,534

  Educational

  $487,158

  Medical

  $503,912

  Retail

  $757,801

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.2017

Longitude

-89.8369

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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