3286 Park Ave Memphis, TN 38111-4159

This 1,800 square foot, single-story retail building located at 3286 Park Ave, Memphis, TN 38111, is a sale/leaseback opportunity with a strong 8.31% cap rate and a Net Operating Income (NOI) of $12,466. The property, built in 1953, is currently 100% occupied by a beauty shop tenant under a gross lease. The asking price is $150,000, translating to $83.33 per square foot. The property sits on commercially zoned land and features one building. This investment presents a compelling opportunity due to its high occupancy rate, consistent income stream from long-term tenants, and prime location in Memphis, offering excellent growth potential. The property's strong financial performance and stable tenancy make it an attractive option for investors seeking a reliable and profitable addition to their portfolio. The convenient location near the Memphis International Airport further enhances its appeal. This is a rare opportunity to acquire a well-performing retail property in a desirable location with a proven track record of success.