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4040 N Watkins St

Memphis, TN 38127
  • $850,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 10113023
UPDATED: 32 min ago
$850,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1986
County:

School Ratings & Info

Description

Fantastic property with lots of potential. 5 retail spaces in the main building, one large shop in the rear of the property. Renovated in 2018 and has had ongoing maintainance and improvements. Fully equipped restaurant. Equipment COULD be included in the sale depending on the offer. Lots of good features. The sale includes another lot where a Cellphone towers sits. The lease will be renewed for another 20 years. Great for owner occupied or investor. AS-IS SELLING DUE TO HEALTH REASONS.

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© 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 Area C. Mays | KAIZEN Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2021-12-08T17:03:14.01.
www.areacmays.com/homes/123422380
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4040 N Watkins St Memphis, TN 38127

  • Price: $850,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 32 min ago
  • MLS #: 10113023
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1986
Built
Neighborhood:
Overton
County:
Shelby
Area:
Frayser - North
Property Description
Fantastic property with lots of potential. 5 retail spaces in the main building, one large shop in the rear of the property. Renovated in 2018 and has had ongoing maintainance and improvements. Fully equipped restaurant. Equipment COULD be included in the sale depending on the offer. Lots of good features. The sale includes another lot where a Cellphone towers sits. The lease will be renewed for another 20 years. Great for owner occupied or investor. AS-IS SELLING DUE TO HEALTH REASONS.
Exterior Features

Buildings 2 Location CityStrip Center Lot Size 4.078AC Parking Facility 31-75 SpacesAsphalt/Blacktop Road Frontage City Street Road Frontage Feet 208 Roof Flat Truck Loading Door Height Less Than 6 Ft

Interior Features

Average Ceiling Height 8-10.9 Feet Cooling System 220 WiringCentral Cooling Floors Partial CarpetVinyl Foundation SlabStorage Area Heating System CentralGas Hot Water Gas Hot WaterPublic SewerPublic Water Improved Sq Ft 13400 Leaseable Sq Ft 13400

Property Features

Annual City Tax 4965 Annual County Tax 6292 Commercial Type Commercial Contingency Type No Contingency Existing Financing Private/Owner Information Available Notes/DeedsPlat Legal Subdivision Name Overton Unrec Lot Number 3&7 Miscellaneous Security System220 Volt Power New Financing Cash OnlyConventional Possession Lease Possession NegotiablePossession At Closing Religious Amenities Choir RoomFellowship Hall Sale Includes Building And LandSignageSome AppliancesSome EquipmentSome Furnishings Tenant Pays All UtilitiesTrash Removal Trade Business Name Margaret's Restauran Type Usage Food ServiceOfficeRetailSpecial Purpose Zoning Cmu-1

Listing information © 2021 Memphis Area Association of REALTORS®.
Listing provided courtesy of Coldwell Banker Collins-Maury.



© 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 Area C. Mays | KAIZEN Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2021-12-08T17:03:14.01.
 
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Area C. Mays | KAIZEN Realty
7540 North St.
Germantown TN, 38138