Address
3900 NEW COVINGTON PIKE Memphis, TN
Price
$ 1,200,000
Property Attributes
  • MLS#10113018
  • TypeCommercial
  • CountySHELBY
  • CityMemphis
  • AreaRaleigh - Southeast
  • NeighborhoodSTONEHENGE OFFICE PARK
  • Zip38128
  • StyleOffice Condo
  • Year Built1985
  • Taxes$ 18904
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms18
  • Half Bathrooms0
  • Sqr Footage25000
Listing Provided Courtesy Of:
McWaters & Associates
Data Source:
Memphis MLS (MAAR) - 87 - TN
Property Description

Fantastic investment opportunity to own a fully leased office building in Memphis next to Methodist Hospital.? Almost 25,000 sqft of rental space with a annual rental income of approximately $179,000.? Well maintained office building with 18 tenants all under lease.? Most offices are single story with outside entrances.? Some have second floor space.? Valuation Calculator

Price History
11/19/2021 Listed $1,200,000

General Features

Area 733B
City Memphis
Class Commercial/Industrial
Legal Subdivision Name STONEHENGE OFFICE PARK
Listing Area Raleigh - Southeast
Miscellaneous Security System, Fixtures, Compressor(s)
Road Frontage City Street
Roof Composition Shingles
Service Type Full Service Listing
Status Active
Status Active
Stories 1.2
Type Office
Year Built 1985
Zoning Comm

Interior Features

Cooling System Central Cooling, Individual Cooling
Floors Partial Carpet
Heating Central, Individual Systems
Hot Water Public Sewer, Public Water
Offices 18
Restrooms 18

Exterior Features

Sale Includes Building and Land
Foundation Slab
Lot Size 1.752 AC 179.8 X 285.0 IRR
Number of Buildings 1
Parking Facility 31-75 Spaces, Asphalt/Blacktop

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
AVG $820K
$1.2M
Taxes
AVG $12,042
$18,904
Visits
AVG 20
1
Year Built
AVG 1977
1985

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