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Property profile & analytics
OFF-MARKET
Strip malls

385 Scott St Memphis, TN 38112-2803

6,527 SF 0.33 ac lot Built 1945
Individually Owned 25-yr Hold Free & Clear
Property ID
US80-0479259
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-established grocery store, You's Supermarket, located at 385 and 391 Scott St, Memphis, TN 38112. Boasting over 30 years of service to the community, this thriving business enjoys a loyal customer base and consistent revenue streams. The property consists of two connected buildings, currently leased to two tenants. One lease generates $500 per month, while the other brings in $600 per month, both on a month-to-month basis. It's important to note that one lease is set to expire in July 2024. The sale includes all existing store equipment and inventory, valued at $35,000. The asking price for this turnkey operation is $275,000. The property is being sold "as-is," providing a unique chance for an investor to capitalize on a long-standing, profitable business in a desirable Memphis location. This presents a rare opportunity to acquire a profitable, established business with significant potential for growth and return on investment. The property's location in Shelby County offers easy access to a dense residential area, ensuring a steady flow of customers. This is a fantastic opportunity for an experienced investor looking to acquire a profitable, established business with significant upside potential. The sale includes all existing fixtures, equipment, and inventory, making this a truly turnkey operation.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1945
Total area 6,527 SF
Lot 0.33 ac (14,549 SF)
Zoning code R-6
APN 037-007- - -00009
UPID US80-0479259
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Aenan Sartain · 25 yrs held
Aenan Sartain
since 2001
2 recorded transactions
2001
$63,500
2000
$15,000
Zoning & alternative use
R-6 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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