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    1695 Bonnie Ln Memphis, TN 38016

    For Sale
    $795,000

    5,129 SF Office, Retail Space

    Property size:
    5,129 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5,129 square foot commercial property, located at 1695 Bonnie Ln in Memphis, Tennessee, presents a unique investment opportunity. The single-story, Class B building, constructed in 2001 and extensively renovated in 2021, sits on a 0.511-acre lot (APN: 096500 00645) and is zoned for commercial use. The property boasts ample drive-up parking, making it highly accessible for clients and employees. Its versatile design caters to various uses, including medical office, storefront, and traditional office spaces. The asking price is $795,000, translating to $155 per square foot. Situated in a high-traffic commercial area, the building benefits from excellent visibility and proximity to a diverse range of retail and dining establishments. Convenient access to I-40 further enhances its strategic location, providing easy commutes to Memphis, Germantown, and Bartlett. The property features prominent signage opportunities and is part of a well-maintained, modern office complex. Public transportation is also readily available via a nearby bus line. This turnkey ready space offers a blend of modern amenities and a prime location, making it an ideal investment for discerning buyers.

    Property Features for 1695 Bonnie Ln

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,129 SF
    Class
    B
    Lot Size
    22,259 SF

    Building Details

    Year Built/Renovated
    2001/2021
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 5,129 SF single‑story Class B office building on a 0.51‑acre lot in Memphis, TN.
    • 2001 construction, extensively renovated in 2021.
    • $795,000 asking price ($155/SF).
    • Ample drive‑up parking and prominent signage opportunities.
    • High‑traffic location with easy access to I‑40 and public transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7911896
    Latitude
    35.1718608

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    FAQs

    What type of property is this?
    Individual retail property - 5,129 SF Office, Retail Space
    Where is this individual retail property located?
    The property is located at 1695 Bonnie Ln Memphis, TN.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 5,129 SF single-story Class B office building on a 0.51-acre lot in Memphis, TN.; 2001 construction, extensively renovated in 2021.; $795,000 asking price ($155/SF).
    Request Owner's contact information
    1695 Bonnie Ln Memphis, TN 38016
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    Memphis, TN 38016
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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
    1695 Bonnie Ln Memphis, TN 38016
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