3495 Austin Peay Hwy
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3495 Austin Peay Hwy
7,000 SF Retail Building Memphis, TN 38128 $1,000,000 ($143/SF)
Investment Highlights
- High Quality Medical Improvements
- Freestanding Building
- Renovated in December 2022
Executive Summary
3495 Austin Peay Highway, Memphis, TN is a freestanding retail/medical building. It was built in 2006 as an Advanced Auto Parts corporate store. The Seller, Satellite Healthcare ("Satellite") acquired the subject property for its Hybrid In-center and WellBound Home Unit in September 2021. Satellite processed plans, obtained permits, and renovated the property into a medical/office clinic building in December 2022 for this use. Building improvements exceeded $1.5 million. Satellite's executive management team has decided NOT to occupy and is divesting of the property, with a Deed Restrictions prohibiting dialysis care. This property is an ideal medical owner/user opportunity.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2006
Price
$1,000,000
Price Per SF
$143
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Land Acres
0.93 AC
Zoning
CL - Commercial
Parking
45 Spaces (4.32 Spaces per 1,000 SF Leased)
Frontage
95 FT on Yale Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 08-5016-0-0034 | Improvements Assessment | $234,240 |
| Land Assessment | $82,320 | Total Assessment | $316,560 |
PROPERTY TAXES
Parcel Number
08-5016-0-0034
Land Assessment
$82,320
Improvements Assessment
$234,240
Total Assessment
$316,560
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3495 Austin Peay Hwy
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