5175 Millbranch Rd Memphis, TN 38116-8560
- Drive through restaurants
- 1,618 SF
- 0.34 lot acres
Aug 07, 2024
Current Use by Public Records
- Southern Hands / Restaurant
Property Details for 5175 Millbranch Rd
- Year built
- 1969
- Lot size
- 0.34 lot acres
- Property size
- 1,618 SF
- Zone code
- CMU-1
- Property type
- Drive through restaurants
- APN
- 079-097- - -00022
- APU
- 7909700022
Description
This exceptional 2,400 square foot restaurant located at 5175 Millbranch Rd, Memphis, TN 38116, is offered at $650,000. Situated in the thriving Whitehaven neighborhood of Shelby County, this turnkey establishment boasts a wealth of recent upgrades, making it an ideal investment opportunity. The property underwent a complete renovation in 2023, including a new roof, new plumbing, new electrical systems, a new water heater, and a brand-new air conditioning unit. Furthermore, the sewer lines have been replaced, ensuring the property's long-term functionality and minimizing potential maintenance costs. All kitchen equipment is also from early 2023, providing a modern and efficient workspace for culinary operations. The asking price of $650,000 translates to $270.83 per square foot, reflecting the value of the recent renovations and the prime location within a rapidly developing area. This restaurant presents a unique chance to acquire a fully updated, move-in ready commercial property in a high-growth market. The property's excellent condition and modern amenities minimize the need for immediate capital expenditures, allowing for a swift and seamless transition into operations. This is a rare opportunity to own a well-maintained, fully equipped restaurant in a desirable Memphis location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.008
- Latitude
- 35.0072
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
