Address
3900 NEW COVINGTON PIKE, Memphis, TN
Price
$ 850,000
Property Attributes
- MLS#10171296
- TypeCommercial
- CountySHELBY
- CityMemphis
- AreaRaleigh - Southeast
- NeighborhoodSTONEHENGE OFFICE PARK
- Zip38128
- StyleOffice Condo
- Year Built1985
- Taxes$ 18904
- Price$ 850,000
- Bedrooms0
- Full Bathrooms18
- Half Bathrooms0
- Sqr Footage24860
Data Source:
Memphis MLS (MAAR)
Property Description
Fantastic investment opportunity to own an office building in Memphis next to Methodist Hospital North. Almost 25,000 sqft of rental space with a annual rental income of approximately $174,000. Well maintained office building with 14 tenants under lease. Offices are single story with outside entrances. Originally setup as a medical building. There are second floor units. Roof is 3 years old. Good parking.
| Price History | |
|---|---|
| 4/30/2024 | Listed $850,000 |
General Features
| Roof | Composition Shingles |
|---|---|
| Zoning | Comm |
| Status | Active |
| Legal Subdivision Name | STONEHENGE OFFICE PARK |
| Stories | 1.2 |
| Class | Commercial/Industrial |
| Type | Office |
| Area | 733B |
| Road Frontage | City Street |
| Miscellaneous | Compressor(s),Fixtures,Security System |
| Status | Active |
| Area | Raleigh - Southeast |
| Service Type | Full Service Listing |
| Year Built | 1985 |
| City | Memphis |
| TYPE USAGE | Office Condo |
Interior Features
| Hot Water | Public Sewer,Public Water |
|---|---|
| Floors | Partial Carpet |
| Heating | Central,Individual Systems |
| COOLING SYSTEM | Central Cooling,Individual Cooling |
| Offices | 18 |
| Restrooms | 18 |
Exterior Features
| Foundation | Slab |
|---|---|
| Number of Buildings | 1 |
| Lot Size | 1.752 AC 179.8 X 285.0 IRR |
| Parking Facility | 31-75 Spaces,Asphalt/Blacktop |
| Road Frontage (ft) | 162 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 38128
Price
Taxes
Visits
Year Built
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Listing information provided courtesy of the Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
Updated: June 17, 2024 8:31 AM UTC
