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21775838
21775837

3230 Linda Dr, Memphis, TN 38118

CB
TN-284224
Braden, Braden & Braden CRE
LC
TN 297402
Braden, Braden & Braden CRE
Listed by Braden, Braden & Braden CRE
$540,000
475 days on market
Updated 90 days ago

Boyd's Performance Shop

Details
APN 073005 00020C
Property Type Industrial
Sub Type Warehouse
Square Footage 7,457
Units 3
Cap Rate 2.88%
NOI $17,720
Price per SqFt $44
Class C
Year Built 1950
Buildings 2
Stories 1
Acreage 1.000
Parking Spaces 10 spaces
Parking Per SqFt 1.34
Dock High Doors 4
Ownership Fee Simple

Industrial | 2.88% CAP | 7,457 SqFt

Marketing description

Discover the potential of this versatile industrial property at 3230 Linda Dr., perfect for a range of businesses from auto repair to warehouse operations. With 4 bay doors, 3 restrooms, waiting areas, and 3 expansive open floor spaces, the possibilities for maximizing ROI are endless. Don't miss out on this prime investment opportunity that promises both functionality and profitability. This opportunity involves 3 parcels: 3224 Linda 6460 square feet, 3230 Linda 4800 square feet and 3238 Linda 2800 square feet

Investment highlights

  • Number of units: 3
  • Building sf: 13,917
  • Land sf: 38,200
  • Land acres: 1
  • Year built: 1950, 1986
  • Of parcels: 3
  • Building class: c
  • Location class: c
  • Number of stories: 1
  • Number of buildings: 2
  • Lot dimension: 25500 sf 150 x 170
  • Number of parking spaces: 10
  • Parking ratio: 1.34/1000 sf
  • Dock high doors: 4
  • Cap rate (current): -2.88%

Listing Contacts

CB
TN-284224
Braden, Braden & Braden CRE
LC
TN 297402
Braden, Braden & Braden CRE
Listed by Braden, Braden & Braden CRE

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$17,720.00
$1,476.67/mo

Valuation Metrics

0
DSCR
3.28%
Cap Rate
3.28%
ROI

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