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    3684 Mendenhall Rd Memphis, TN 38115

    For Sale
    $250,000

    Prime Memphis location, high potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 21,052-square-foot commercial property located at 3684 S Mendenhall Rd, Memphis, Tennessee, is offered at $250,000. Situated in a vibrant Memphis neighborhood, this property presents a significant investment opportunity. The substantial square footage allows for versatile use, adaptable to various business needs. Whether you envision retail space, office space, or a mixed-use development, this property offers the flexibility to accommodate your specific vision. The building's size provides ample room for renovation and customization, allowing you to create a space perfectly tailored to your business requirements. Memphis's thriving economy, particularly its burgeoning healthcare sector with significant expansions by institutions like the University of Tennessee Medical Center and a growing medical device manufacturing sector, contributes to the property's strong investment potential. The property is priced competitively, offering a substantial discount compared to national averages for similar retail properties. This presents a unique chance to acquire prime Memphis real estate at an attractive price point. The property sits on a 0-acre lot. This is a rare opportunity to secure a significant commercial property in a dynamic and growing city.

    Property Features for 3684 Mendenhall Rd

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1976
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.88538
    Latitude
    35.04843

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Memphis location, high potential.
    Where is this commercial real estate located?
    The property is located at 3684 Mendenhall Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $250,000.
    (901) 221-4041
    Request Owner's contact information
    3684 Mendenhall Rd Memphis, TN 38115
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    Memphis, TN 38115
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3684 Mendenhall Rd Memphis, TN 38115
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