www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
21635654
28278111

2063 Castex St, Memphis, TN 38109 For Sale

IO
TN 375214, MS S-58940
Turn Key Realty Group
Listed by Turn Key Realty Group
$149,000
267 days on market
Updated 38 days ago

Store front

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 1,200
Tenancy Single
Broker Co-Op Yes
Class C
Year Built 1970
Buildings 1
Stories 1
Acreage 0.170
Zoning C
Investment Type Owner/User
Tenant Credit No Credit Rating
Ownership Owned

Retail | 0.00% CAP | 1,200 SqFt

Marketing description

💼 INVESTOR OPPORTUNITY – VALUE-ADD COMMERCIAL PROPERTY | FOR SALE OR LEASE 💼

This stand-alone commercial building is available FOR SALE OR LEASE, offering investors multiple strategies to capitalize on value. Positioned in a developing area with long-term upside potential, this property is ideal for renovation, repositioning, lease-up, or redevelopment. Perfect for investors pursuing cash-flow, equity growth, BRRR-style plays, or owner-user occupancy.

Property Highlights:

• FOR SALE OR LEASE – flexible terms

• Freestanding commercial structure – full control, no shared walls

• Private parking & driveway access

• Solid brick exterior ready for improvement

• Affordable entry point below replacement cost

• Opportunities for build-out based on user or tenant needs

Investment Advantages:

✔ Ideal renovate-and-lease income asset

✔ Strong buy-and-hold potential

✔ Suitable for owner-occupied businesses seeking low overhead

✔ Redevelopment or adaptive reuse possibilities

✔ Value-add + repositioning = future appreciation upside

Potential End-Uses (verify with local zoning):

• Retail storefront

• Professional or administrative office

• Salon/barber or studio-based services

• Creative, tech, or media workspace

• Storage, logistics, or operations office

• Nonprofit, training, or community center

A smart opportunity for investors searching for affordability, flexibility, and long-term upside — with options to buy, lease, or redevelop.

Listing Contacts

IO
TN 375214, MS S-58940
Turn Key Realty Group
Listed by Turn Key Realty Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Izzy Obaid
License
375214
Brokerage Phone
6629108155
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591