3675 Riverdale Rd Memphis, TN 38118

PRICED AT $1,200,000 - 15.47% CAP

Listing Details

  • $1,200,000 - 15.47% CAP
  • Listing ID 189089996
  • Type Commercial - Retail
  • Status
  • 0.620 acres Lot Size
  • 1983 Year Built

Description

Turnkey Income-Producing Daycare | 15.5% CAP Rate | Memphis, TN

Exceptional opportunity to acquire an income-producing, fully operational daycare facility and business at 3675 Riverdale Road in Memphis, Tennessee. Offered at $1,200,000 with a 15.5% CAP Rate, this investment provides an attractive combination of established income, real estate ownership, and a turnkey childcare operation.

The approximately 4,900 SF facility is currently operating as a daycare and is being offered with all furniture, fixtures and...read more, allowing a new owner to step into an established operation with much of the infrastructure already in place. Revenue sources include private-pay tuition, Karamu, State of Tennessee, and Head Start program income.

The facility features a fenced playground and has benefited from numerous recent improvements, including new LVT flooring throughout, new interior paint, new hot water heaters, updated appliances, and new compressors on both HVAC systems.

In addition to the real estate and FF&E, the business sale includes the LLC, website, and social media accounts, providing a valuable foundation for continued operations and future growth. An engineering drawing is filed with the State of Tennessee, and the daycare currently has licensed teachers/director.

Conveniently located with easy access to I-385, this offering presents a compelling opportunity for an existing childcare operator looking to expand into the Memphis market, an owner/operator seeking an established daycare, or an investor looking for an income-producing commercial property with an operating business already in place.

Features

  • City
  • Built in 1983
View All Features

Contact the Listing Agent

Jaime Henson

Jaime Henson

CCIM, Member Associate SIOR
Memphis, TN: Commercial Office
Contact the Listing Agent
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All Property Features

  • Property Type: Commercial - Retail
  • Lot Size: 0.62 Acres
  • Name Of Business: FingerTips Enrichment Center
  • Nearest Interchange: Winchester
  • Sewer: City
  • Sq. Ft. Per Floor: 4900
  • Total Usable Sq. Ft.: 4900
  • Water: City
  • Year Built: 1983