2936 Kirby Whitten Rd 5,513 SF Retail Building Memphis, TN 38134 $1,675,000 ($303.83/SF)
INVESTMENT HIGHLIGHTS
- Next Door to area Chick-Fil-A, Burger King and Kroger
- Prestige Bartlett Location
- Building will sell well under cost of replacement
- Just off Lighted Intersection
- Excellent Traffic
EXECUTIVE SUMMARY
This property is contiguous with Chick-Fil-A and Burger King and is an outparcel to the area Kroger grocery store. There is a new Union Station 300+ housing unit development happening around the corner, and the City of Bartlett remains one of the most excellent and stable areas in the Memphis MSA. This property is priced aggressively for an owner-user, with the cost of the land alone likely to sell at $1.2-$1.4M, placing the building at under $88.00/psf (much less than cost of replacement). An excellent location for a Hibachi, Seafood, Italian, Mexican or Asian Food Restaurant. Owner will consider all reasonable offers given this scenario!
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
5,513 SF
Building Class
B
Year Built
1993
Price
$1,675,000
Price Per SF
$303.83
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.70 AC
Zoning
SC-1 - SC-1 (Planned Unit Commercial Development District)
Parking
47 Spaces (8.53 Spaces per 1,000 SF Leased)
Frontage
195’ on Kirby Whitten Rd
AMENITIES
- Dedicated Turn Lane
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | B0-157-0-0761 | Improvements Assessment | $140,240 |
| Land Assessment | $97,760 | Total Assessment | $238,000 |
