4636 Faronia Rd Memphis, TN 38116

Retail investment - Shelby Dr & Faronia Rd, Memphis, TN 38116 Portfolio consists in two parcels totaling 2.05 +/- acres and 4 commercial buildings. Excellent for an investor with value add and short term leases. The property boasts two parcels, offering a total of 2.05 acres of land. Parcel A spans 1.06 acres and includes two buildings with a combined square footage of 9,865. Parcel B covers 0.99 acres, featuring two buildings totaling 4,440 square feet. The clean Phase I and II environmental reports provided by the seller ensure a smooth development process. With a net operating income of $109,000 and 15% vacancy, this property also presents an excellent opportunity for holding income. Join the thriving business community, with neighboring retailers such as Starbucks and AutoZone. Also the opportunity to convert into a prime gas station development site located at the bustling intersection of Shelby Dr and Faronia Rd. With an asking price of $2,000,000, this well-positioned stoplight corner is the perfect location for a gas station. Don't miss the chance to be a part of the vibrant Shelby Dr & Faronia Rd area. Contact Melanie Myers Bland of Myers CRE at 901-761-5595 to seize this incredible investment opportunity. Disclaimer: All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy of the information.