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Property profile & analytics

385 Scott St Memphis, TN 38112-2803

  • Strip malls
  • 6,527 SF
  • 0.33 lot acres
OFF-MARKET
Value Estimations
$215,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US80-0479259
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Strip malls

Property Details for 385 Scott St

Year built
1945
Lot size
0.33 lot acres
Property size
6,527 SF
Zone code
R-6
Property type
Strip malls
Property subtype
Neighborhood centers
APN
037-007- - -00009
APU
3700700009

Description

This exceptional investment opportunity presents a well-established grocery store, You's Supermarket, located at 385 and 391 Scott St, Memphis, TN 38112. Boasting over 30 years of service to the community, this thriving business enjoys a loyal customer base and consistent revenue streams. The property consists of two connected buildings, currently leased to two tenants. One lease generates $500 per month, while the other brings in $600 per month, both on a month-to-month basis. It's important to note that one lease is set to expire in July 2024. The sale includes all existing store equipment and inventory, valued at $35,000. The asking price for this turnkey operation is $275,000. The property is being sold "as-is," providing a unique chance for an investor to capitalize on a long-standing, profitable business in a desirable Memphis location. This presents a rare opportunity to acquire a profitable, established business with significant potential for growth and return on investment. The property's location in Shelby County offers easy access to a dense residential area, ensuring a steady flow of customers. This is a fantastic opportunity for an experienced investor looking to acquire a profitable, established business with significant upside potential. The sale includes all existing fixtures, equipment, and inventory, making this a truly turnkey operation.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $215,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $208,000
    Market price range: $208k - $868k
    AI Estimate
    $141,000
    Market price range: $141k - $393k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-89.9675
Latitude
35.1431
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,212
$8,920
$27,400
$36,320
-
$22,300
$68,500
$90,800
More about this property
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