657 Chelsea Ave, Memphis, TN 38107-2504
- Day care centers
- 13,452 SF
- 1.05 lot acres
Current Use by Public Records
- Day care centers
Property Details for 657 Chelsea Ave
- Year built
- 1956
- Lot size
- 1.05 lot acres
- Zone code
- MU
- Property type
- Day care centers
- APN
- 027-006- - -00004
- APU
- 2700600004
Description
This exceptional 13,000 square foot storefront property, located at 657 Chelsea Avenue in Memphis, Tennessee, presents a compelling investment opportunity. Built in 1956, this Class C retail space sits on a 1.05-acre lot and benefits from CH-Mixed use zoning, offering considerable flexibility for future development. The single-tenant building is ideally situated for optimal business exposure, boasting high visibility and convenient access. A key advantage is its proximity to significant developments, including the ongoing downtown revitalization and the substantial $3 billion St. Jude Hospital expansion project, promising increased foot traffic and potential for strong rental income. Furthermore, the property's location is less than half a mile from Interstate 40, ensuring easy accessibility for customers and employees. Security features include a private gate, enhancing the safety and peace of mind for both tenants and owners. This property represents a rare chance to acquire a well-positioned, sizable retail space in a rapidly growing area of Memphis, offering significant potential for long-term appreciation and strong returns on investment. The asking price is $500,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0355
- Latitude
- 35.1638
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
