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Automotive Property with Two Buildings
For Sale
$1,000,000

1505 ELVIS PRESLEY Blvd, Memphis, TN 38106

Commercial/Industrial, Memphis, TN

Property SizeContact for details
Days on Market344

Property Features for 1505 ELVIS PRESLEY Blvd

General Information

Property type Commercial Sale
Property subtype Other
Subdivision SNOWDEN & PRITCHARD
Standard status Active

Taxes and HOA fees

Tax Annual Amount 5628

Building Details

Year built 1987
Listing Agency: The Peyton Co., Inc., REALTORS
Listed By: Reginald Pruitt
Added: Oct 17, 2025 Changed: Aug 19 Last Checked: Sep 25 at 10:06PM
MLS# 10208001

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This commercial automotive property includes two buildings and is currently occupied by a range of operating uses. The reported activities include a used car lot, commercial landscaping, tire sales and service, towing, pest control, and vehicle repair.

Constructed in 1987, the property is located at 1505 Elvis Presley Blvd in Memphis, Tennessee. Its existing combination of buildings and active commercial functions provides a physical setting for automotive and service-related operations.

Key Highlights

  • Two buildings on the commercial property
  • Current used car lot operation
  • Existing tire shop and vehicle repair uses

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Hair Salon Building Supply Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

309
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Mobil Shops & Services
8,106 visits/mo 0.4 miles
BP Shops & Services
4,896 visits/mo 0.3 miles
AutoZone Shops & Services
2,978 visits/mo 0.1 miles

Demographics for 38106, TN

22,394
Population
11,630
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
83%
High-School Grad
10.4 sq mi
ZIP Area
2,153
Density / Sq Mi
$29,818
Median Household Income
$30,101
Median Earnings
$915
Median Rent
$66,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Memphis, TN

6.5% 2019
6.9% 2020
6.3% 2021
4.9% 2022
5% 2023
5.2% 2024
6.8% 2025
Rey
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Similar Off Market Nearby

  • U-Haul Neighborhood Dealer — 1417 Elvis Presley Blvd, Memphis, TN 38106
  • Freds Executive Car Rental, LLC — 1101 James St, Memphis, TN 38106

Frequently Asked Questions

What type of property is this?
Automotive property - Two-building commercial property currently used for automotive, towing, landscaping, pest control, and repair operations.
Where is this automotive property located?
The property is located at 1505 ELVIS PRESLEY Blvd Memphis, TN.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two buildings on the commercial property; Current used car lot operation; Existing tire shop and vehicle repair uses
More about this property
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