271 W Person Ave - Convenience Store FOR SALE


Memphis, TN 38109- South Memphis
$310,000 USD
901-849-5761
271 W Person Ave, Memphis, TN for Sale
$310,000 USD
Convenience Store - FOR SALE
1/10
null | Request Cap Rate

271 W Person Ave
Memphis, TN 38109
South Memphis


HIGHLIGHTS

  • Big lot for parking and in a neighborhood with lots of foot traffic newly renovated building with kitchen and bathroom with standing shower.

OVERVIEW

Prime Investment opportunity with this business you're looking at a potential ROI in less than a year, assuming all other costs remain stable. Buying an established store at this price could be seen as an economical way to enter the market with an already proven business model. You inherit an existing customer base, which reduces the need for initial marketing efforts to attract customers not to mention the kitchen is still under renovation and the endless opportunities such as lottery & slot machines to increase income.

FOR SALE DETAILS

PRICE

$310,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bizmark Grocery - Bussiness & Real Estate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,061 SF

ZONING

Zoning Code R-6- Resident

APN/PARCEL ID

03-5062-0-0001

ASK ABOUT THIS PROPERTY

Saber AlshojaFast Track Realty LLCMore Info
901-849-5761

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Saber AlshojaFast Track Realty LLCMore Info
901-849-5761

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.