597 Vandalia, Memphis, TN, 38112

597 Vandalia Memphis, TN 38112

597 Vandalia, Memphis, TN, 38112
597 Vandalia, Memphis, TN, 38112 597 Vandalia, Memphis, TN, 38112 597 Vandalia, Memphis, TN, 38112 597 Vandalia, Memphis, TN, 38112
FOR SALE FOR LEASE
Property Type:
Industrial
Amount:
$699,000
Last Verified:
Jan 22, 2025

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Description

Investment property for sale: $475,000
100% occupied
5 year lease
Single tenant
8.75 cap rate

Introducing 597 Vandalia, a prime commercial property in Memphis, TN, 38112 available for lease. This versatile space offers a modern, open layout ideal for a wide range of businesses. With expansive windows that flood the interior with natural light and a spacious floor plan conducive to collaboration, this property is a blank canvas waiting for your business's personal touch. Ample parking and easy access make it convenient for both employees and clients. Don't miss this opportunity to make your mark in a thriving location. Schedule a tour today and unlock the potential of 597 Vandalia for your business.

597 Vandalia

Building Size: 8086sq ft
Lot Size: 0 acres


Documents

597 Vandalia St_Sale

Units for Lease

Unit
Space Available: 8000 SF
Lease Type: Modified Gross

Price Per Sqft/Year: $7.50

Map of 597 Vandalia, Memphis, TN, 38112

Presented by:
NAI | Saig Company

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Brian Califf


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.