1551 Netherwood St Memphis, TN 38106
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1551 Netherwood St
- Year built
- 1935
- Property type
- Commercial real estate
Description
This exceptional commercial property at 1551 Netherwood St, Memphis, TN, presents a unique redevelopment opportunity. The 199,999 USD asking price includes the combined parcels 1551, 1549, and 1544 Netherwood Street, offering significant corner frontage and high visibility. The property's rich history includes previous uses as a grocery store, hot wing restaurant, event center, and pizza restaurant, demonstrating its adaptability to a variety of commercial ventures. The combined lot size is not specified, but the property's prominent corner location ensures excellent exposure to pedestrian and vehicular traffic. This makes it ideal for a range of businesses seeking high visibility and accessibility. The building's current condition is not detailed, allowing for complete customization to suit the buyer's specific needs and vision. Investors and developers will appreciate the potential for significant return on investment due to the property's prime location and versatile nature. This is a rare chance to acquire a substantial commercial property in a desirable Memphis location, ready for revitalization and future success. Serious inquiries are encouraged to schedule a viewing and explore the possibilities. The property is sold as-is.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0106
- Latitude
- 35.1134
