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    3421-4565 Austin Peay Hwy Memphis, TN 38128

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    For Lease
    Contact for pricing

    Retail space in busy shopping center with high traffic.

    Property size:
    2,400 SF
    Lot size:
    9.53 Acres

    Property Features for 3421-4565 Austin Peay Hwy

    General Information

    Size
    2,400 SF
    Lot size
    9.53 Acres

    Source: Avison Young | Memphis Agent James H. McCraw

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

    Overview

    Retail Space on Austin Peay

    This retail space is located in a busy shopping center with direct access to Austin Peay Highway, which sees approximately 38,788 vehicles per day. The property is in close proximity to the Raleigh Springs Town Center Redevelopment, a $40 million project that will include a police station, library, skate park, and a lake with walking trails. The property offers 2,400 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Similar Places Nearby

    Raleigh Springs Market Place, Raleigh Springs Mall

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.912005
    Latitude
    35.2190086

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    FAQs

    What type of property is this?
    Shopping center - Retail space in busy shopping center with high traffic.
    Where is this shopping center located?
    The property is located at 3421-4565 Austin Peay Hwy Memphis, TN.
    What are key features of this property?
    This property features: - Direct access to Austin Peay Highway (38,788 VPD); - Located in a busy shopping center; - Close proximity to $40 million Raleigh Springs Town Center Redevelopment
    (901) 590-9997
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    3421-4565 Austin Peay Hwy Memphis, TN 38128
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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
    3421-4565 Austin Peay Hwy Memphis, TN 38128
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