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8533 SHELBY DR MEMPHIS TN 38125
MEMPHIS, TN 38125
Asking Price
$475K
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 3.01 acres <ul><li>Potential for commercial or residential development</li><li>Residential subdivision directly adjacent to the property</li><li>Scenic lake located just south of the site</li><li>Strong traffic counts and visibility along Shelby Drive</li><li>Active development taking place across the street</li><li>Convenient access to major transportation corridors</li></ul>
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NOI
$80,000
Cap Rate
16.84%
DSCR
2.84
Strong
Cash-on-Cash
36.35%
Monthly Payment
$2,350.041
Annual Cash Flow
$51,799.51
