11973 Macon RdCollierville, TN 38017

Property Details for 11973 Macon Rd

Year built

1993

Construction

FRAME

Lot size

0.75 AC

Property size (Sq ft)

3,284 SF

Zone code

CMU-3

Property type

Office properties

Property subtype

Office buildings

APN

D02-17 - - -00111

APU

D021700111

Description

This exceptional commercial property in Collierville, Tennessee, presents a lucrative investment opportunity. Located at 11973 Macon Road, this corner lot boasts multiple income-generating units currently occupied by month-to-month tenants. The property's zoning designation is CMU2, offering flexibility for a variety of commercial uses. The main building at 11973 Macon Road and an additional building at 11989 Macon Road are both included in this sale, each with its own set of tenants operating under month-to-month leases. A separate residential property, located at 1218 Collierville Arlington Road, is also part of this offering and is similarly zoned CMU2, providing additional potential for development or rental income. The total asking price for this multi-unit commercial property is $1,199,900. This is an excellent opportunity for investors seeking a diversified portfolio with established rental income and significant potential for future growth. The property's prime corner location ensures high visibility and accessibility, making it an attractive proposition for a wide range of businesses. Detailed financial information and lease agreements are available upon request. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $473,172

  6.5%

  $436,774

  7%

  $405,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $256,021

  Geo Method

  $256,021

• Alternative Use

  Use

  Valuation

  Residential

  $541,600

  Hospitality

  $496,103

  Educational

  $412,752

  Medical

  $426,947

  Retail

  $642,058

Location Insight

City

Collierville

County

Shelby

State

Tennessee

Latitude

35.1588

Longitude

-89.6633

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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