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3393-3437 National St Memphis, TN 38108

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For Sale
$1,400,000

23,000 SF retail property on 2.64 acres for sale.

Property size:
23,000 SF

Property Features for 3393-3437 National St

General Information

Size
23,000 SF

Building Details

Year built
1925

Source: Brian Califf, CCIM Agent Brian Califf, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Retail Redevelopment Opportunity

This 23,000 square foot retail property is situated on 2.64 acres and presents a redevelopment opportunity. Located between Highland and National Street, the property consists of three parcels at 3393-3437 Summer Avenue and 610 National Street. It includes six retail bays, two freestanding flex buildings, and additional land suitable for future out parcel development. The property is located in an opportunity zone. A new roof was installed in 2021, and the parking lot was resealed in 2024. The property currently has one tenant in place and has a stabilized cap rate of 11.21% after lease up. Major road improvements are underway at Summer Avenue and National Street.
Location Intelligence

Current Use by Public Records

Strip malls

Suggested Use

Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy Wholesale Shop

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

Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-89.937187
Latitude
35.179681

FAQs

What type of property is this?
Strip mall - 23,000 SF retail property on 2.64 acres for sale.
Where is this strip mall located?
The property is located at 3393-3437 National St Memphis, TN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: - Stabilized cap rate of 11.21% after lease up; - Retail redevelopment opportunity on 2.64 acres; - Located in opportunity zone
More about this property
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