901 Cordova Sta AveMemphis, TN 38018

  • Theaters & concert halls
  • 31,176 SF
For Sale
$4,200,000 View listing

Property Details for 901 Cordova Sta Ave

Year built
2007
Lot size
3.69 AC
Property size (Sq ft)
31,176 SF
Zone code
CA
Property type
Theaters & concert halls
APN
091-025- - -00040
APU
9102500040

Description

This exceptional 31,720 square foot Class A event center, located at 901 Cordova Station Ave, Memphis, TN 38018, presents a unique investment opportunity. Built in 2007 on a 3.69-acre lot in Shelby County, this single-story building boasts a remarkable 16-foot ceiling height and offers significant flexibility for various uses. Currently configured as an event center and entertainment complex, it features a large commercial kitchen and ample indoor and outdoor entertainment spaces. The property's impressive 6.31 parking ratio ensures convenient parking for large events and gatherings. Its central location and adaptable design make it ideal for a variety of potential uses, including a church, high-density office space, or medical facility. The asking price is $4,200,000. The property's APN is 09-1025-0-0040. This owner/user investment opportunity offers significant potential for growth and return. The net rentable square footage is 31,720 square feet.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,141,575
    Hospitality
    $4,709,655
    Educational
    $3,918,378
    Medical
    $4,053,137
    Retail
    $6,095,254

Location Insight

City
Cordova
County
Shelby
State
Tennessee
Latitude
35.1518
Longitude
-89.7936
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$73,100
$555,560
$644,440
$1,200,000
-
$1,388,900
$1,611,100
$3,000,000

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