385 Scott St Memphis, TN 38112-2803

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.

Location Insight

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