1971 Jackson Avenue

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1971 Jackson Avenue

Memphis, TN 38107
Asking Price
$735K
Asset Type
Religious/Church Special-purpose
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Special-purpose religious facility offered for sale in Memphis
  • Sanctuary space provides seating for approximately 100 individuals
  • Asset is located within the 38107 zip code area
  • Purchase price for the property is 735000 dollars
  • Suitable for community organizations and established congregations

What's Special

This special-purpose religious facility at 1971 Jackson Avenue is currently available for purchase in Memphis, Tennessee. The property provides a functional space well-suited for a growing congregation or an organization seeking a dedicated community gathering point. With a sanctuary capacity of approximately 100 people, the layout supports intimate services and local outreach programs. Memphis serves as a major logistics and cultural hub in the Mid-South region, benefiting from a dense population base and widespread access to regional transportation infrastructure. Institutional buyers or local community groups will find this asset adaptable for various uses beyond traditional religious services, such as a community center or educational space. Situated in the 38107 zip code, the building offers proximity to major thoroughfares, ensuring reachability for congregants or clients across the city. This acquisition represents a practical addition for an organization looking to establish a permanent footprint in a well-connected submarket of the metro area.

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NOI
$80,000
Cap Rate
10.88%
DSCR
1.83
Strong
Cash-on-Cash
16.49%
Monthly Payment
$3,636.379
Annual Cash Flow
$36,363.452

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