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  • 3 ACRES
  • - Commercial For Sale

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Description for 1299 E McLemore Ave MLS# 10015084

CHARTER SCHOOL FULLY LEASED WITH 12.6% CAP

General Features

  • Property For
    Sale
  • Listing Type
    Commercial
  • Style
    Other (See REMARKS)
  • Number of Stories
    1
  • Year Built
    1956
  • County
    Shelby
  • Subdivision
    Hally Place Industrail
  • Approx. Lot Size
    83.56 X 98.3 IRR
  • Approx. Acreage*
    3
  • Price
    $2,350,000

Additional Details

Construction
Masonry/Block
Foundation
Slab
Location
Free Standing,City
Miscellaneous
Security System
Num Of Buildings
2
Parking Facility
Asphalt/Blacktop
Seating Capacity
1001 or More
Tradeor Business Name
CHARTER SCHOOL
Truck Loading Door Height
9-12 Feet
Type Usage
Special Purpose
Annual City Tax
6200
Annual County Tax
7969
Tenant Pays
All Utilities,Heat,Water/Sewer,Electricity,Outside Lighting,Janitorial Services,Common Area Maintenance,Trash Removal,Outside Repairs,Inside Repairs,Taxes,Fire Insurance,Glass Insurance,Liability Insurance,Other (See REMARKS)
Average Ceiling Height
11-12.9 Feet
Floors
Vinyl
Roof
Composition Shingles

Lot

Land Sq Ft
30660
Lot Num
1-2
Road Frontage
City Street
Zoning
com
Cooling System
Central Cooling
Heating System
Central
Hot Water
Gas Hot Water

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Market Research


 

Memphis Commercial Values

Average List Price:
$662,890
Average Sold Price:
$191,400
Average Price per SQFT:
$56
Average Days on Market:
354
Number of Properties for Sale:
44,354
Vs.

This Property

List Price:
$2,350,000
Approx. Price per SQFT:
N/A
Days on Website:
1319 (Sep 07, 2017)

Pricing Considerations

List Price:
$2,350,000
Annual City Tax:
6200
Annual County Tax:
7969
Tenant Pays:
AllUtilities,Heat,Water/Sewer,Electricity,OutsideLighting,JanitorialServices,CommonAreaMaintenance,TrashRemoval,OutsideRepairs,InsideRepairs,Taxes,FireInsurance,GlassInsurance,LiabilityInsurance,Other(SeeREMARKS)

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