7101 Goodlett Farms PkwyMemphis, TN 38016

Property Details for 7101 Goodlett Farms Pkwy

Year built

1997

Lot size

8.84 AC

Property size (Sq ft)

89,715 SF

Zone code

R-6

Property type

Office properties

Property subtype

Office buildings

APN

D02-07 - - -00284

APU

D020700284

Description

This exceptional 89,715-square-foot executive office building presents a unique investment opportunity in Memphis, Tennessee. Situated on a sprawling 350-acre lot at 7101 Goodlett Farms Pkwy, Cordova, zip code 38016, this single-tenant property offers unparalleled flexibility. Constructed in 1997, the building boasts a single story design, providing convenient and efficient use of space. The property is classified as Class C and is currently entirely vacant, presenting a blank canvas for a discerning tenant or investor. Its expansive footprint allows for a variety of configurations to suit diverse business needs. Located in Shelby County, this property benefits from excellent accessibility and visibility. The substantial lot size offers ample room for expansion or future development, adding significant long-term value. This is a rare opportunity to acquire a large, single-tenant office building in a prime Memphis location, ready for immediate occupancy or redevelopment. The property's size and location make it ideal for a variety of uses, from corporate headquarters to a large-scale office campus. The 1997 construction date provides a solid foundation for a long-term investment, while the vacant status allows for complete customization to meet specific requirements. Don't miss this chance to secure a significant commercial property in a thriving Memphis market.

• CAP approach

  CAP return

  Valuation

  6%

  $12,926,510

  6.5%

  $11,932,163

  7%

  $11,079,865

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,994,182

  Geo Method

  $6,994,182

• Alternative Use

  Use

  Valuation

  Residential

  $14,795,882

  Hospitality

  $13,552,948

  Educational

  $11,275,894

  Medical

  $11,663,689

  Retail

  $17,540,280

Location Insight

City

Cordova

County

Shelby

State

Tennessee

Latitude

35.1734

Longitude

-89.8267

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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