Technical
Financial
Distress signals
Property profile

2230 Chelsea Ave Memphis, TN 38108

OFF-MARKET
Grocery and convenience stores
Property ID
US80-0088515
900 SF 0.22 ac lot Built 1988
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This well-maintained gas station presents a lucrative investment opportunity in a bustling Memphis neighborhood. Located at 2230 Chelsea Ave, this commercial property offers significant potential for growth due to its high-traffic location. The property is classified as general commercial and is listed at $850,000. While the exact square footage isn't specified, the property's prime location within a busy area ensures consistent customer flow. The property sits on a lot with zero acres, indicating a compact and efficient layout optimized for its current use. The gas station itself is described as well-maintained, suggesting minimal immediate capital expenditure requirements. This turnkey operation is ideal for an investor seeking a profitable venture in a thriving Memphis market. The high volume of traffic passing the property translates to a substantial customer base, making this a strong contender for a stable and potentially expanding business. Serious inquiries are encouraged to explore this exceptional investment opportunity further. The property's location in Memphis, Tennessee, offers access to a robust infrastructure and a dynamic local economy. This is a chance to acquire a proven, established business with the potential for significant returns.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1988
Total area 900 SF
Lot 0.22 ac (9,670 SF)
Zoning code CMU-3
APN 041-048- - -00011-C
UPID US80-0088515

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
  • Gas Station

Location

2230 Chelsea Ave Memphis, TN 38108-1449
Memphis metro Census 600 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$220k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2011
Price N/A
2006
Price N/A
2006
$85,000

Zoning & alternative use

CMU-3 · Memphis, TN
Zoning description

3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations w…

General category MIXED_USE

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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