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Property profile

1510 Wells Station Rd Memphis, TN 38108

OFF-MARKET
Specialty properties
32,000 SF 2.54 ac lot
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Property summary

AI-generated overview

This exceptional commercial property presents a unique redevelopment opportunity in Memphis, Tennessee. Located at 1510 Wells Station Rd, in the heart of the Berclair community, this expansive 2.54-acre lot boasts a substantial 32,000 square foot building complex, currently zoned CMU-1. The property comprises four buildings: a 12,150 square foot sanctuary, an 11,408 square foot two-story education/daycare building, a 6,716 square foot two-story building with a fellowship hall, and an 875 square foot parsonage. The asking price is $800,000, translating to a price per square foot of $25. This established location within a dense, stable neighborhood offers significant potential for a variety of uses, making it ideal for adaptive reuse or new construction. Given its size and zoning, this property is well-suited for a range of projects, from religious institutions to community centers or other commercial ventures. The property's substantial size and prime location in a thriving neighborhood make it a compelling investment opportunity. All showings require a pre-approval letter from a lender. The property is situated in Shelby County, Tennessee, with a zip code of 38108.

Property profile

Verified
Property type Specialty properties
Total area 32,000 SF
Lot 2.54 ac (110,642 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1510 Wells Station Rd Memphis, TN 38108
Memphis metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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