Leasehold 154-156 Beale St

Investment Highlights

Executive Summary

Leasehold interest in a very rare historic Beale Street property!Asking Price $125,000Monthly rent + CAM = $2,371.62Current lease expires December 31, 2027, can be extended another 7 yearsPerfect for a short-term rental or home on one of the most iconic streets in America. 3 blocks of nightclubs, restaurants, and shops in the heart of downtown Memphis - home of the blues, jazz, rock, R&B, and gospel! This National Historic Landmark district is one of the coolest places in Memphis, Tennessee.The unit is 1 bedroom, 1.5 baths and is being sold completely furnished.The seller has been utilizing it as a short-term rental, and assignment of lease has updated language for short-term rental/commercial. Link to dedicated listing page with more information is below. Please contact the listing agent for more information.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant Restaurant Office Industrial Live Work Unit Restaurant
• Building Size    9,000
• Building Class    B
• Year Built    1930
• Price    125,000
• Price Per SF    14
• Percent Leased    88
• Tenancy    Multiple
• Building Height    2 Stories
• Slab To Slab    12?
• Building FAR    0.45
• Land Acres    0.46 AC

• Bus Line
• Commuter Rail
• Restaurant