657 Chelsea Ave Memphis, TN 38107

Property Details for 657 Chelsea Ave

Year built

1956

Lot size

1.05 lot acres

Property size

13,452 SF

Zone code

MU

Property type

Day care centers

APN

027-006- - -00004

APU

2700600004

Description

This exceptional 13,000 square foot storefront property, located at 657 Chelsea Avenue in Memphis, Tennessee, presents a compelling investment opportunity. Built in 1956, this Class C retail space sits on a 1.05-acre lot and benefits from CH-Mixed use zoning, offering considerable flexibility for future development. The single-tenant building is ideally situated for optimal business exposure, boasting high visibility and convenient access. A key advantage is its proximity to significant developments, including the ongoing downtown revitalization and the substantial $3 billion St. Jude Hospital expansion project, promising increased foot traffic and potential for strong rental income. Furthermore, the property's location is less than half a mile from Interstate 40, ensuring easy accessibility for customers and employees. Security features include a private gate, enhancing the safety and peace of mind for both tenants and owners. This property represents a rare chance to acquire a well-positioned, sizable retail space in a rapidly growing area of Memphis, offering significant potential for long-term appreciation and strong returns on investment. The asking price is $500,000.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Longitude

-90.0355

Latitude

35.1638

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments