Property profile

11973 Macon Rd Collierville, TN 38017

OFF-MARKET
Office buildings
Property ID
US80-0976318
3,284 SF 0.75 ac lot Built 1993
Individually Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property in Collierville, Tennessee, presents a lucrative investment opportunity. Located at 11973 Macon Road, this corner lot boasts multiple income-generating units currently occupied by month-to-month tenants. The property's zoning designation is CMU2, offering flexibility for a variety of commercial uses. The main building at 11973 Macon Road and an additional building at 11989 Macon Road are both included in this sale, each with its own set of tenants operating under month-to-month leases. A separate residential property, located at 1218 Collierville Arlington Road, is also part of this offering and is similarly zoned CMU2, providing additional potential for development or rental income. The total asking price for this multi-unit commercial property is $1,199,900. This is an excellent opportunity for investors seeking a diversified portfolio with established rental income and significant potential for future growth. The property's prime corner location ensures high visibility and accessibility, making it an attractive proposition for a wide range of businesses. Detailed financial information and lease agreements are available upon request. Serious inquiries only.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1993
Construction FRAME
Total area 3,284 SF
Lot 0.75 ac (32,583 SF)
Zoning code CMU-3
APN D02-17 - - -00111
UPID US80-0976318

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Photography Service (Bike/Boat/Book/etc) Store
  • Physician
  • Construction Company General Contractor

Location

11973 Macon Rd Collierville, TN 38017-4879
Collierville metro Census 21020 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

Zoning & alternative use

CMU-3 · Collierville, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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