5123 S THIRD ST S

Memphis, TN
$ 250,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

Great development opportunity for all investors looking to invest in commercial retail property. All 3 building would be great for retail stores and/or offices. Property sits on 3.04 acres with 727' of frontage on Hwy 61.Traffic count of average 12k to the north of the property and 14k to the south.Zoning us CMU-3. The oldest building is historic (JOURNEY MOTEL COURT) that was built in 1943. NEW ROOF installed on 1st building **Motivated seller**

Commercial

  • Price
  • $ 250,000
  • Lot Size
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Year Built
  • 1959
  • Half Bathrooms
  • 0
  • City, Zip
  • Memphis
  • Taxes
  • $ 5915
  • County
  • SHELBY
  • Style
  • Office, ,Retail
  • Area
  • Coro Lake
  • MLS#
  • 10109114
  • Zip
  • 38109
Listing Provided by: Progressive Realty Services
Data Source: Memphis MLS (MAAR) - 87 - TN

Features

General

Area 765C
City Memphis
Class Commercial/Industrial
Legal Subdivision Name GOODMAN RE BLK B
Listing Area Coro Lake
Road Frontage US Highway
Roof Other (Call LA)
Service Type Full Service Listing
Status Active
Status Active
Stories 2
Type Commercial
Year Built 1959

Interior Features

Cooling System Other (See Remarks)
Floors Other (See Remarks)
Heating Other (See Remarks)
Hot Water Other (See REMARKS)

Exterior Features

Sale Includes Building and Land
Foundation Other (Call LA)
Lot Size 710/0X521/470 +
Number of Buildings 3
Parking Facility Concrete, Gravel

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Bartlett, TN office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/21/2021 Listed $250,000

Property vs Zip Code Average in 38109

Price
AVG $240K
$250K
Taxes
AVG $3,878
$5,915
Visits
AVG 93
9
Year Built
AVG 1967
1959
Walkscore
AVG 31
19
Data Provided by Walkscore ® not using MLS data

Map

5123 S THIRD ST S Memphis, TN is a Single Family Home for sale at $250000 and a lot size of Acre(s). 5123 S THIRD ST S Memphis has 0 bedrooms, 0 baths and was built in 1959. The property's zip code is 38109 which is in Memphis, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.