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2948 Chelsea Ave, Memphis, TN 38108

$500,000

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Listing Courtesy of: Pinnacle Realty - 901-707-7700

Description for 2948 Chelsea Ave

MLS# 10131405

Great corner lot , busy street with lots of traffic. This grocery Store have been in the community since 1940's.There is a long term base of customers that have built to in the last 60 years. The store offers grocery, pizza, Cold cuts meats, Fresh meats, Dairy, Cold beers, Produces, Frozen Food, Discounts Cigarettes, Lottery Tickets and much much more. This price includes the building and the business. Inventory are separate sell. Business is $300,000, Building $200,000 , Owner Financing .

General Features Property for Sale

  • Price
    $500,000
  • Listing Type
    Commercial
  • MLS#
    10131405
  • Style
    Commercial
  • Number of Stories
    1
  • Year Built
    1946
  • County
    Shelby
  • Subdivision
    So Bungalow Park
  • Approx. Lot Size
    34.6/34.33X125.36/128.56
  • Approx. Acreage*
    0.09

Additional Details

General

Foundation : Slab
Improved Sq Ft : 4000
Miscellaneous : Outside Lighting
Num Of Buildings : 1
Parking Facility : Asphalt/Blacktop
Truck Loading Door Height : No Truck Door
Type Usage : Retail, Food Service

Financial

Annual City Tax : $227
Annual County Tax : $288
Operation Expenses Include : Accounting/Legal, Property Insurance, Payroll, Taxes/Real Estate, Services (all), Business Insurance
Tenant Pays : Other (see Remarks)

Interior

Average Ceiling Height : 11-12.9 Feet
Floors : Other Flooring

Exterior

Construction : Brick
Roof : Other (call La)

Lot

Land Sq Ft : 4312
Location : Corner, Free Standing
Lot Num : Npt7
Road Frontage : Other (see Remarks)
Zoning : Comm

Equipment

Cooling System : Central Cooling, Electric Cooling
Heating System : Central, Gas
Hot Water : Gas Hot Water

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Market Research

This Property

  • $500,000

    List Price

  • 168

    Days on Website (Aug 17, 2022)

Memphis Commercial Values

  • $538,375

    Average List Price

  • 306

    Average Days on Market

  • $407,691

    Average Sold Price

  • 18,766

    Number of Properties for Sale

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Listing Courtesy of: Pinnacle Realty - 901-707-7700
Copyright © 2023 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but not guaranteed. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
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