Former IHOP Restaurant
For Sale
Contact for pricing
1277 E Shelby Dr, Memphis, TN 38116
Former IHOP with multiple access points and strong corridor visibility for restaurant or retail redevelopment.
Property Size4,000 SF
Days on Market76
Property Features for 1277 E Shelby Dr
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail
Additional Details
Traffic Count
25,800 vehicles/day
Listing Agency:
Greysteel Company LLC
(215) 967-4760
Listed By:
Nate Cleland · License #PA #RS304039
Source:
Greysteel
Added: Jun 16
Changed: Aug 26
Last Checked: Aug 29 at 7:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greysteel Company LLC
Investment Insights
Based on property information with market context.
The property is a well-constructed, former IHOP restaurant building totaling 4,000+ square feet. The site is designed for retail use with excellent visibility and multiple access points to support straightforward customer ingress and egress.
The building is located on an outparcel along a high-traffic commercial corridor in Memphis, offering exposure to more than 25,800 vehicles per day. The property sits to the Southland Mall area and is surrounded by active retail, including national tenants such as Foot Locker, Popeyes, AutoZone, and Starbucks.
For investors and owner-users, the asset is positioned for repositioning or redevelopment, depending on the next concept planned for the space. The combination of strong vehicular exposure, prominent corridor presence, and multiple access points can support a range of restaurant or retail formats that benefit from drive-by traffic and convenient site access.
The building is located on an outparcel along a high-traffic commercial corridor in Memphis, offering exposure to more than 25,800 vehicles per day. The property sits to the Southland Mall area and is surrounded by active retail, including national tenants such as Foot Locker, Popeyes, AutoZone, and Starbucks.
For investors and owner-users, the asset is positioned for repositioning or redevelopment, depending on the next concept planned for the space. The combination of strong vehicular exposure, prominent corridor presence, and multiple access points can support a range of restaurant or retail formats that benefit from drive-by traffic and convenient site access.
Key Highlights
- Former IHOP built in 2002, 4,000+ SF retail building
- Located on E. Shelby Drive in a high‑traffic commercial corridor in Memphis
- Exposure to more than 25,800 vehicles per day with strong visibility
Property Analytics
Property Profile
Current Use
Lease Details
25,800 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
164k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 28%
Groceries 27%
Electronics 2%
Kroger
Groceries
44,327 visits/mo
0.2 miles
Kroger Fuel Center
Shops & Services
17,696 visits/mo
0.1 miles
Starbucks
Dining
16,640 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
15,907 visits/mo
0.2 miles
Regions Bank
Shops & Services
13,034 visits/mo
0.2 miles
Demographics for 38116, TN
39,107
Population
18,526
Households
2.1
Avg Household Size
35
Median Age
21%
College-Educated
88%
High-School Grad
19.6 sq mi
ZIP Area
1,995
Density / Sq Mi
$44,663
Median Household Income
$31,593
Median Earnings
$1,035
Median Rent
$125,800
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Breakfast & diner - Former IHOP with multiple access points and strong corridor visibility for restaurant or retail redevelopment.
Where is this breakfast & diner located?
The property is located at 1277 E Shelby Dr Memphis, TN.
What are key features of this property?
This property features: Former IHOP built in 2002, 4,000+ SF retail building; Located on E. Shelby Drive in a high‑traffic commercial corridor in Memphis; Exposure to more than 25,800 vehicles per day with strong visibility
