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    4954 Summer Ave Memphis, TN 38122

    For Sale
    $675,000

    High-Income Car Wash, Excellent Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This well-maintained car wash in Memphis, TN, presents a lucrative investment opportunity. Strategically positioned between North Mendenhall and Interstate 40, this property boasts eight wash bays and a substantial 0.56-acre lot, ensuring ample space for operations and potential expansion. The convenient pay-to-enter system enhances customer experience and streamlines operations. The property's strong income generation is a key feature, with detailed financial information available to qualified buyers upon request. Serious inquiries should include a formal Letter of Intent or Offer, accompanied by verifiable proof of funds, either through a bank letter or a lender pre-approval letter. This is a turnkey operation ready for a new owner to step in and continue the success. The property's location near major roadways ensures high visibility and accessibility, attracting a large customer base. The existing infrastructure is in excellent condition, minimizing immediate capital expenditure needs. This presents a rare chance to acquire a profitable, established business with significant growth potential in a thriving market. Don't miss this chance to own a successful, established car wash business in a prime Memphis location.

    Property Features for 4954 Summer Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1979
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.89563
    Latitude
    35.14944

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    FAQs

    What type of property is this?
    Commercial real estate - High-Income Car Wash, Excellent Location
    Where is this commercial real estate located?
    The property is located at 4954 Summer Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $675,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4954 Summer Ave Memphis, TN 38122
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