Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1056 E Raines Rd Memphis, TN 38116

    For Lease
    Contact for pricing

    Recently renovated retail space near Elvis Presley's Graceland.

    Property size:
    11,357 SF
    Lot size:
    26.40 Acres

    Property Features for 1056 E Raines Rd

    General Information

    Size
    11,357 SF
    Lot size
    26.40 Acres

    Source: Belz Enterprises Agent Morris Thomas

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

    Overview

    Retail Space Near Graceland

    South Plaza is a strip shopping center located at the northwest corner of Elvis Presley Blvd. and Raines Road, across from Graceland. The center features approximately 300,000 square feet of recently renovated, leasable space with frontage along Elvis Presley Blvd. The property is situated within a five-mile radius of 163,455 residents and aims to attract a portion of the over 1 million tourists who visit Graceland annually. The available space is 11,357 square feet.
    Location Intelligence

    Current Use by Public Records

    Dedicated Senior Medical ... Medical Clinic Deanna F. Phillips, ... Pharmacy David W. Dunn, ... Pharmacy Mithani Aamir H ... Doctor Glynda H. Montgomery, ... Nutritionist

    Suggested Use

    Restaurant Realty agency Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0991658
    Latitude
    35.0362979

    Nearby Similar for Lease

    • $5 SF/Yr
      94,500 SF

      Memphis Industrial Space for Lease

      Versatile industrial space in Memphis, suitable for various businesses.
      5445 E Raines Rd, Memphis, TN 38115
      View Details
    • Contact for pricing
      179,360 SF

      Memphis Warehouse and Distribution Opportunity

      Spacious warehouse with prime location for logistics and distribution.
      4605 Hickory Hill Rd, Memphis, TN 38141
      View Details
    • Contact for pricing
      11,288 SF

      Modern Office Space in Memphis

      Impressive office spaces with modern amenities in a prime Memphis location.
      691 Doctor Martin Luther King Junior Ave, Memphis, TN 38126
      View Details
    • Contact for pricing
      22,892 SF

      Memphis Office Leasing Opportunity

      Premier office space for rent in Memphis, Tennessee.
      3665 S Perkins Rd, Memphis, TN 38118
      View Details
    • Contact for pricing
      955 SF

      Edge District Retail Redevelopment Opportunity

      High-profile retail space in Memphis' transitioning Edge District.
      421 Monroe Ave, Memphis, TN 38103
      View Details
    • $4 SF/Yr
      50,000 SF

      Flexible Office Space in Memphis

      Premier property with modern amenities, ample parking, and customizable floorplans.
      2851 Lamb Pl, Memphis, TN 38118
      View Details

    FAQs

    What type of property is this?
    Strip mall - Recently renovated retail space near Elvis Presley's Graceland.
    Where is this strip mall located?
    The property is located at 1056 E Raines Rd Memphis, TN.
    What are key features of this property?
    This property features: - Located across from Graceland, a major tourist attraction.; - High traffic location on Elvis Presley Blvd. (U.S. Highway 51).; - Approximately 300,000 sq. ft. of recently renovated, leasable space.
    (901) 260-7348
    Request Owner's contact information
    1056 E Raines Rd Memphis, TN 38116
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1056 E Raines Rd
    Memphis, TN 38116
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1056 E Raines Rd Memphis, TN 38116
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.