4636 Faronia Rd, Memphis, TN 38116

This Memphis, TN shopping center presents a compelling value-add investment opportunity. Located at the high-traffic intersection of Shelby Drive and Faronia Road (zip code 38116), this property comprises two parcels totaling 2.05 acres. The property features four commercial buildings; two on Parcel A (1.06 acres, 9,865 sq ft) and two on Parcel B (0.99 acres, 4,440 sq ft). Currently boasting 85% occupancy and a net operating income (NOI) of $109,000, this property offers strong holding income potential. Clean Phase I and II environmental reports are available. The property's prime location, near established businesses like Starbucks and AutoZone, presents significant upside potential for an investor. The site also offers potential for redevelopment, including a prime gas station development. The asking price is $2,000,000. This is an exceptional opportunity to acquire a well-positioned retail center in a thriving Memphis market. All information is from sources deemed reliable, but no warranty is made to its accuracy.