1605 Getwell Rd Memphis, TN 38111-7119

Property Details for 1605 Getwell Rd

Year built

1947

Lot size

0.70 lot acres

Property size

7,120 SF

Zone code

CMU-1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

058-082- - -00006-C

APU

05808200006C

Description

This exceptional investment opportunity presents a 7,120-square-foot shopping center located at 1605-1609 Getwell Rd, Memphis, TN 38111. The property boasts 100% occupancy with a stable, long-term tenant, generating a strong net operating income (NOI) of $57,811 and a compelling 9.25% capitalization rate. Built in 1947, this single-story, 7,120 square-foot building sits on a 0.702-acre lot and is zoned for commercial use. The asking price is $625,000, translating to a price per square foot of $87.78. This stabilized investment offers a secure and profitable return for discerning investors seeking a well-performing retail asset in a desirable Memphis location. The property's strong performance and consistent cash flow make it an attractive addition to any portfolio. The single-tenant occupancy simplifies management and minimizes vacancy risk. This is a rare opportunity to acquire a fully leased, high-performing retail property in a prime Memphis location. The property's solid financials and stable tenant base make it an ideal investment for those seeking long-term growth and passive income. The 0.702-acre lot provides ample space for potential future expansion or redevelopment. This is a turnkey investment ready to generate immediate returns.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Longitude

-89.9316

Latitude

35.0879

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments