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Description for 1110 Faxon Ave MLS# 10119737

What an awesome opportunity to own this amazing building in one of the fastest growing areas of downtown Memphis and convenient to shopping, arts, and medical district. This building has a recording studio in the basement, plus a basketball court and has been used as a church, a care home and a lot of other things. This property could be used for so many things. Adjoining land can be bought for additional parking.

General Features

  • Property For
    Sale
  • Listing Type
    Commercial
  • Style
    Religious Facility
  • Number of Stories
    2
  • Year Built
    1912
  • County
    Shelby
  • Subdivision
    Speedway Terrace Blk F
  • Approx. Lot Size
    140x120
  • Price
    $5,500,000

Additional Details

Foundation
Full Basement
Location
Corner, Free Standing, City, Other (see Remarks)
Miscellaneous
Fixtures, Furniture, Rest Rooms, 220 Volt Power, Fire Sprinklers, Inside Storage, Historic District
Num Of Buildings
1
Parking Facility
31-75 Spaces
Religious Amenities
Choir Room, Choir Loft, Kitchen, Nursery, Fellowship Hall, Chapel, Pews, Baptismal, Gymnasium
Seating Capacity
300-399, 500-750
Tradeor Business Name
God Holy Word Temple
Truck Loading Door Height
No Truck Door
Type Usage
Office, Office Condo, Warehouse, Medical, Historical, Special Purpose, Other (see Remarks)
Annual City Tax
$36
Annual County Tax
$46
Operation Expenses Include
Property Insurance, Business Insurance
Tenant Pays
All Utilities, Water/Sewer, Trash Removal
Average Ceiling Height
8-10.9 Feet, 13-15.9 Feet, 31 or More Feet
Floors
Hardwood, Tile, Partial Carpet, Other Flooring
Construction
Brick/Veneer, Stucco, Remodeled
Roof
Shingle/Shake, Flat

Lot

Road Frontage
City Street
Cooling System
1 Window Unit per Unit
Heating System
Central, Gas
Hot Water
Public Water, Public Sewer

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Market Research


 

Memphis Commercial Values

Average List Price:
$529,877
Average Sold Price:
$453,949
Average Price per SQFT:
(N/A)
Average Days on Market:
346
Number of Properties for Sale:
19,090
Vs.

This Property

List Price:
$5,500,000
Approx. Price per SQFT:
N/A
Days on Website:
268 (Mar 07, 2022)

Pricing Considerations

List Price:
$5,500,000
Annual City Tax:
$36
Annual County Tax:
$46
Tenant Pays:
AllUtilities,Water/Sewer,TrashRemoval

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Hi, Are you curious about this property? Contact us with any questions.

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