1510 Wells Station Rd Memphis, TN 38108
- Specialty properties
- 32,000 SF
- 2.54 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 1510 Wells Station Rd
- Lot size
- 2.54 lot acres
- Property size
- 32,000 SF
- Property type
- Specialty properties
- Property subtype
- Churches & religious facilities
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9169
- Latitude
- 35.1728
