351 Wisconsin Ave Memphis, TN 38106
- Auto shops
- 7,458 SF
- 4.31 lot acres
Current Use by Public Records
- Auto shops
Property Details for 351 Wisconsin Ave
- Year built
- 1956
- Lot size
- 4.31 lot acres
- Property size
- 7,458 SF
- Zone code
- EMP
- Property type
- Auto shops
- APN
- 012-024- - -00009-C
- APU
- 01202400009C
Description
This exceptional industrial property, located at 351 Wisconsin Ave, Memphis, TN 38106, presents a compelling investment opportunity. The property encompasses a substantial 6.6 acres of land, featuring a single-story brick building totaling 7,458 square feet. Constructed in 1956, this warehouse is classified as a distribution and warehouse facility, ideal for various industrial uses. The building's size and the expansive lot provide ample space for operations, storage, and potential expansion. The property's location in Shelby County offers convenient access to major transportation routes, enhancing its logistical advantages. The asking price for this significant industrial asset is $995,000. This represents a rare chance to acquire a well-situated, established industrial property with considerable potential for growth and return on investment in the thriving Memphis market. The property's substantial lot size offers significant flexibility for future development or expansion. Serious inquiries are encouraged to explore this promising investment opportunity further.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $580,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $660,000
- 6.5%
- $580,000
- 7%
- $545,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $660,000
- Geo Method
- $545,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $550,000
- Retail
- $580,000
- Mixed-Use
- $600,000
- Hospitality
- $550,000
- Educational
- $675,000
- Residential Income
- $495,000
- Energy
- $600,000
- Income-Based Land
- $600,000
- Food Service
- $665,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0736
- Latitude
- 35.119
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
