1400 Elvis Presley Blvd Blvd Memphis, TN 38106
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1400 Elvis Presley Blvd Blvd
- Year built
- 1955
- Property type
- Commercial real estate
Description
This exceptional multi-use commercial property, located at 1400 Elvis Presley Blvd in Memphis, Tennessee, presents a unique investment opportunity. Spanning nearly 4,000 square feet, this free-standing, two-story building currently operates as a successful event center, generating substantial income from multiple rental bays. The building's versatile design allows for a variety of uses, capitalizing on its high-traffic location on Elvis Presley Boulevard. Adding to its income potential, the property includes an upstairs efficiency apartment, ideal for rental income or on-site management. A finished basement previously served as a musicians' practice studio, offering further revenue-generating possibilities. The building boasts a well-designed layout, originally constructed as a restaurant, ensuring excellent traffic flow and ample space for various commercial ventures. Adding to its unique history, this property served as a filming location for an original Netflix movie. Priced at $295,000, this property offers significant return on investment potential for a savvy buyer looking for a versatile and established commercial space in a prime Memphis location. The property sits on a 0-acre lot.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0212
- Latitude
- 35.1084
