Property profile

4954 Summer Ave Memphis, TN 38122

OFF-MARKET
Self service car washes
Property ID
US80-0576843
2,520 SF 0.57 ac lot Built 1979
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This well-maintained car wash in Memphis, TN, presents a lucrative investment opportunity. Strategically positioned between North Mendenhall and Interstate 40, this property boasts eight wash bays and a substantial 0.56-acre lot, ensuring ample space for operations and potential expansion. The convenient pay-to-enter system enhances customer experience and streamlines operations. The property's strong income generation is a key feature, with detailed financial information available to qualified buyers upon request. Serious inquiries should include a formal Letter of Intent or Offer, accompanied by verifiable proof of funds, either through a bank letter or a lender pre-approval letter. This is a turnkey operation ready for a new owner to step in and continue the success. The property's location near major roadways ensures high visibility and accessibility, attracting a large customer base. The existing infrastructure is in excellent condition, minimizing immediate capital expenditure needs. This presents a rare chance to acquire a profitable, established business with significant growth potential in a thriving market. Don't miss this chance to own a successful, established car wash business in a prime Memphis location.

Property profile

Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Year built 1979
Total area 2,520 SF
Lot 0.57 ac (24,655 SF)
Zoning code CMU-3
APN 063-059- - -00008
UPID US80-0576843

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4954 Summer Ave Memphis, TN 38122-4357
Memphis metro Census 9800 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

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

Owner & transaction history

since 2010
Last sale
$550,000
2 recorded transactions
2010
Price N/A
2002
$125,000

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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