1695 Bonnie LnMemphis, TN 38016

Property Details for 1695 Bonnie Ln

Year built

2001

Lot size

0.51 AC

Property size (Sq ft)

5,129 SF

Zone code

RU-3

Property type

Office properties

Property subtype

Office buildings

APN

096-500- - -00645

APU

9650000645

Description

This exceptional 5,129 square foot commercial property, located at 1695 Bonnie Ln in Memphis, Tennessee, presents a unique investment opportunity. The single-story, Class B building, constructed in 2001 and extensively renovated in 2021, sits on a 0.511-acre lot (APN: 096500 00645) and is zoned for commercial use. The property boasts ample drive-up parking, making it highly accessible for clients and employees. Its versatile design caters to various uses, including medical office, storefront, and traditional office spaces. The asking price is $795,000, translating to $155 per square foot. Situated in a high-traffic commercial area, the building benefits from excellent visibility and proximity to a diverse range of retail and dining establishments. Convenient access to I-40 further enhances its strategic location, providing easy commutes to Memphis, Germantown, and Bartlett. The property features prominent signage opportunities and is part of a well-maintained, modern office complex. Public transportation is also readily available via a nearby bus line. This turnkey ready space offers a blend of modern amenities and a prime location, making it an ideal investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $739,008

  6.5%

  $682,161

  7%

  $633,435

• Comparable approach

  Method

  Valuation

  Relative Method

  $399,857

  Geo Method

  $399,857

• Alternative Use

  Use

  Valuation

  Residential

  $845,880

  Hospitality

  $774,821

  Educational

  $644,642

  Medical

  $666,812

  Retail

  $1,002,776

Location Insight

City

Cordova

County

Shelby

State

Tennessee

Latitude

35.1719

Longitude

-89.7911

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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