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3900 New Covington Pike

Memphis, TN 38128
  • $1,200,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: 10113018
UPDATED: 36 min ago
$1,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1985
County:

School Ratings & Info

Description

Fantastic investment opportunity to own a fully leased office building in Memphis next to Methodist Hospital.? Almost 25,000 sqft of rental space with a annual rental income of approximately $179,000.? Well maintained office building with 18 tenants all under lease.? Most offices are single story with outside entrances.? Some have second floor space.? Valuation Calculator

Monthly Payment Calculator



© 2021 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Wallace Team - RE/MAX On Point. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2021-11-29T19:03:09.317.
www.gowallacegroup.com/homes/123422379
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3900 New Covington Pike Memphis, TN 38128

  • Price: $1,200,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 36 min ago
  • ID#: 10113018
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1985
Built
Neighborhood:
Stonehenge Office Park
County:
Shelby
Area:
Raleigh - Southeast
Property Description
Fantastic investment opportunity to own a fully leased office building in Memphis next to Methodist Hospital.? Almost 25,000 sqft of rental space with a annual rental income of approximately $179,000.? Well maintained office building with 18 tenants all under lease.? Most offices are single story with outside entrances.? Some have second floor space.? Valuation Calculator
Exterior Features

Buildings 1 Location CityFree StandingOffice Park Lot Size 1.752 AC 179.8 X 285.0 IRR Parking Facility 31-75 SpacesAsphalt/Blacktop Road Frontage City Street Roof Composition Shingles Truck Loading Door Height No Truck Door

Interior Features

Average Ceiling Height 8-10.9 Feet Cooling System Central CoolingIndividual Cooling Floors Partial Carpet Foundation Slab Heating System CentralIndividual Systems Hot Water Public SewerPublic Water Leaseable Sq Ft 25000 Offices 18 Restrooms 18 Seating Capacity 1-10

Property Features

Actual Annual Rent 179000 Annual City Tax 8338 Annual County Tax 10566 Annual Insurance Expenses 6800 Annual Operating Expenses 55000 Average Annual Utilities 2500 Commercial Type Office Contingency Type No Contingency Existing Financing Clear Information Available Rent RollTax Info Available Legal Subdivision Name Stonehenge Office Park Lot Number 1-ATHURC Miscellaneous Security SystemFixturesCompressor(S) New Financing Conventional Operating Expense Includes Property InsuranceRepair &Amp; MaintenanceTaxes/Real Estate Percent Occupancy 100 Possession Lease Tenants Rights Sale Includes Building And Land Tenant Pays All Utilities Trade Business Name Arbor Square Office Type Usage Office Condo Zoning Comm

Listing information © 2021 Memphis Area Association of REALTORS®.
Listing provided courtesy of Mcwaters & Associates.



© 2021 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Wallace Team - RE/MAX On Point. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2021-11-29T19:03:09.317.
 
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The Wallace Team - RE/MAX On Point
5350 Poplar Ave., Ste 700
Memphis TN, 38119