2094 Frayser Blvd Memphis, TN 38127
- Office buildings
- 2,913 SF
- 0.34 lot acres
Current Use by Public Records
- Direct Auto Insurance / Auto Insurance Agency / Insurance Agency
- Metro by T-Mobile / Cell Phone Accessory Store / Cell Phone Store
- 901 cash express / Loan Agency
- Affordable Insurance Agency / Insurance Agency / Auto Insurance Agency
- EZIYAH / Clothing Store
Property Details for 2094 Frayser Blvd
- Year built
- 1954
- Lot size
- 0.34 lot acres
- Property size
- 2,913 SF
- Zone code
- CMU-1
- Property type
- Office buildings
- APN
- 072-010- - -00036
- APU
- 7201000036
Description
This exceptional retail investment opportunity presents a 2,913 square foot strip center located at 2094 Frayser Blvd, Memphis, TN 38127. Situated on a 0.337-acre corner lot at the intersection of Frayser Boulevard and Overton Crossing, this property boasts a prime location with high visibility and excellent access. Currently 100% occupied, the center generates a strong net operating income (NOI) of $45,303 annually. The asking price is $445,000, representing a compelling value-add proposition for discerning investors. The seller is offering attractive financing options at a very low interest rate, making this an even more attractive investment. This property is ideal for investors seeking a stable, income-producing asset in a growing Memphis market. The building's 2,913 square feet provide ample space for multiple tenants, ensuring a diversified income stream. The strategic corner location maximizes exposure to high traffic counts, further enhancing its investment potential. This is a rare opportunity to acquire a well-performing retail property in a desirable location with significant upside potential. Don't miss out on this chance to secure a profitable addition to your investment portfolio. Contact us today to learn more and schedule a showing.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $290,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $207,000
- AI Estimate
- $225,000
Market price range: $184k - $564kMarket price range: $159k - $573k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $345,000 Current use
- MEDICAL BUILDING
- $415,000 Change: +20% Conversion: Easy
- AUTO REPAIR, GARAGE
- $280,000 Change: -19% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9937
- Latitude
- 35.2176
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA