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2597 Lamar Ave

Memphis, TN 38114
  • $565,000
  • STATUS: Active
  • ON SITE: 99 Days
  • MLS #: 10142403
UPDATED: 142 min ago
$565,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1988
County:

School Ratings & Info

Description

Well-Known Established Auto Repair Shop and over 5,000 SF. Signalized, Hard-Corner Intersection, surrounded by retails stores and restaurants and 10 minutes from Airport. All equipment remains with sale. Business Equipment includes 2 Tire Machines, 5 Racks, Alignment Machine, 2 Welders, Torch and Bender Machine. Shop has 3 BAYS with Catwalk. This offering presents the unique opportunity to acquire a long-term and passive investment automotive business. AMAZING DEAL, SELLER IS RETIRING!!!

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© 2023 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 Your New Home Key | Centric Realty LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2023-06-01T00:03:14.723.
www.yournewhomekey.com/homes/137149777
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2597 Lamar Ave Memphis, TN 38114

  • Price: $565,000
  • Status: Active
  • On Site: 99 Days
  • Updated: 142 min ago
  • MLS #: 10142403
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1988
Built
Neighborhood:
Bethel Grove
County:
Shelby
Area:
Pendleton/Park
Property Description
Well-Known Established Auto Repair Shop and over 5,000 SF. Signalized, Hard-Corner Intersection, surrounded by retails stores and restaurants and 10 minutes from Airport. All equipment remains with sale. Business Equipment includes 2 Tire Machines, 5 Racks, Alignment Machine, 2 Welders, Torch and Bender Machine. Shop has 3 BAYS with Catwalk. This offering presents the unique opportunity to acquire a long-term and passive investment automotive business. AMAZING DEAL, SELLER IS RETIRING!!!
Exterior Features

Buildings 1 Location CornerFree Standing Lot Size 191.34 X 131.3 IRR Parking Facility 1-15 SpacesAsphalt/BlacktopAttachedDetached Road Frontage City Street Roof Composition Shingles Truck Loading Door Height 6-8.9 Feet

Interior Features

Average Ceiling Height Less Than 8 Ft Cooling System 1 Window Unit Per UnitCentral Cooling Floors Other Flooring Foundation Slab Heating System Central Hot Water Gas Hot WaterPublic Water

Property Features

Annual City Tax 1825 Annual County Tax 2290 Annual Misc Income 576000 Annual Operating Expenses 156000 Average Annual Utilities 4200 Commercial Type Commercial Contingency Type No Contingency Existing Financing Other (See Remarks) Information Available Tax Info Available Legal Subdivision Name Eleanor M Saver Of Pt Lots 116&117 ~ Lot Number 1-2 & Miscellaneous 220 Volt PowerDisplay Window(S)FurnitureInside StorageInventory IncludedRest RoomsSecurity System New Financing ConventionalFha/Va Operating Expense Includes Business InsuranceJanitorial ServicePayrollProperty InsuranceRepair &Amp; MaintenanceServices (All)SuppliesTaxes/Real EstateUtilities Percent Occupancy 100 Possession Lease Possession At Closing Sale Includes All EquipmentAll FurnishingsBuilding And Land Tenant Pays All UtilitiesHeatInside RepairsJanitorial ServicesLiability InsuranceOutside RepairsTaxesTrash Removal Type Usage Auto Service

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of Best Real Estate Company: 901-407-2177.



© 2023 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 Your New Home Key | Centric Realty LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2023-06-01T00:03:14.723.
 
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