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    FOR SALE
    Office buildings

    1695 Bonnie Ln, Memphis, TN 38016

    5,129 SF 0.51 ac lot Built 2001
    Individually Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US80-0998662
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2001
    Total area 5,129 SF
    Lot 0.51 ac (22,259 SF)
    Zoning code RU-3
    APN 096-500- - -00645
    UPID US80-0998662
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.42M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.47M
    Owner & transaction history
    Cuong Phan · 2 yrs held
    Cuong Phan
    since 2023
    Last sale
    $1.5M
    7 recorded transactions
    2023
    $1.5M
    2020
    $4.2M
    2015
    $3.1M
    2010
    $5.5M
    2006
    $10.2M
    2006
    2003
    Zoning & alternative use
    RU-3 · Cordova, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.6M +176.3%
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    More about this property
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