VOL. 121 | NO. 78 | Tuesday, April 11, 2006
Could be sign of people seeking alternative income, experts say
Shelby County has started the year with business filings at a three-year high, and areas from Cordova to Hickory Hill are getting into the act.
In East Memphis, an 11,500-square-foot retail center with few trappings and a basic design sits tucked between Houston's Restaurant and the Malco Paradiso cinema. It stands as a classic example of what real estate broker Ford Beach does best.
6551 Knight Arnold Road, Memphis, TN 38115, Sale Amount: $1.6 million -
A 35,441-square-foot one-story nursing home on 4 acres at the southwest corner of Knight Arnold Road and Kirby Parkway. The buyers, which are affiliated with Memphis-based Integra Management Services Co., took over the sellers' payments on a $2.36 million mortgage.