1544-1550 Netherwood Ave
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1544-1550 Netherwood Ave
5,225 SF 50% Leased Retail Building Memphis, TN 38106 $224,883 CAD ($43 CAD/SF)
Investment Highlights
- Hard corner
- Great redevelopment opportunity.
Executive Summary
Great opportunity for a community redevelopment project. This is a hard corner in the coveted community of Glenview. 2 retail bays with 50% occupancy by long time tenant. Great incentives in the area for developers. Call today for a private or virtual tour.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Building Size
5,225 SF
Building Class
C
Year Built
1930
Price
$224,883 CAD
Price Per SF
$43 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Land Acres
0.32 AC
Zoning
C-L - limited commercial zone
Parking
10 Spaces (1.91 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Signage
PROPERTY TAXES
| Parcel Number | 03-1008-0-0009 | Total Assessment | $59,325 CAD (2024) |
| Land Assessment | $9,822 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $49,502 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
03-1008-0-0009
Land Assessment
$9,822 CAD (2024)
Improvements Assessment
$49,502 CAD (2024)
Total Assessment
$59,325 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
-
Rasheedah Jones -
RM Jones Property Advisors
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1544-1550 Netherwood Ave
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