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    1657 S 3Rd St Memphis, TN 38106

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    For Sale
    $650,000

    Retail property with four bays, near FedEx Forum and Beale.

    Property size:
    6,845 SF
    Lot size:
    0.64 Acres

    Property Features for 1657 S 3Rd St

    General Information

    Size
    6,845 SF
    Lot size
    0.64 Acres

    Source: Braden, Braden & Braden LLC Agent Jackie Braden

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

    Overview

    Retail Property Near Beale Street

    This retail property, comprising 6,845 square feet, features four separate bays ready to be re-imagined. The property is located less than seven minutes from the FedEx Forum and Beale Street in Memphis, TN.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0558175
    Latitude
    35.1020409

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    FAQs

    What type of property is this?
    Retail space - Retail property with four bays, near FedEx Forum and Beale.
    Where is this retail space located?
    The property is located at 1657 S 3Rd St Memphis, TN.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Investment property opportunity.; - Four separate bays for customization.; - Close proximity to FedEx Forum.
    (901) 949-7625
    Request Owner's contact information
    1657 S 3Rd St Memphis, TN 38106
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    Memphis, TN 38106
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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
    1657 S 3Rd St Memphis, TN 38106
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