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Free-Standing Retail Building
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1382 E Shelby Dr, Memphis, TN 38116

Well-maintained free-standing retail building with strong Shelby Drive frontage and established salon tenancy.

Property SizeContact for details
Days on Market143

Property Features for 1382 E Shelby Dr

General Information

Standard status Active
Property subtype Retail
Listing Agency: Newmark
Listed By: Louisa Yanes · License #TN 358300
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 8:03PM

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 Newmark

Investment Insights

Based on property information with market context.

This well-maintained, free-standing retail building offers nearly 8,000 square feet of space currently used as a salon. The property is described as having cash flow in place with long-term tenants, and the sale of the business can be negotiated separately with the owner.

The property is located less than a mile west of I-55 and provides excellent frontage on E Shelby Dr, supporting straightforward visibility for retail users.

The offering is centered on the existing retail building and its current operating configuration, with long-term tenancy already in place.

Key Highlights

  • Almost 8,000 SF well‑maintained, free‑standing retail building
  • Excellent Shelby Drive frontage on a retail corridor
  • Located less than 1 mile west of I‑55

Property Analytics

Current Use

Spurgeon & Verdell Barber Shop Creative Cuts & Curls Hair Salon Cozi Threading & Body ... Hair Salon

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Gym & Fitness Center Parking Lot & Garage HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

738
Businesses Nearby
164k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 42% Dining 28% Groceries 27% Electronics 2%
Kroger Groceries
44,327 visits/mo 0.3 miles
Kroger Fuel Center Shops & Services
17,696 visits/mo 0.3 miles
Starbucks Dining
16,640 visits/mo 0.4 miles
Popeyes Louisiana Kitchen Dining
15,907 visits/mo 0.3 miles
Regions Bank Shops & Services
13,034 visits/mo 0.3 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

6.5% 2019
6.9% 2020
6.3% 2021
4.9% 2022
5% 2023
5.2% 2024
6.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Well-maintained free-standing retail building with strong Shelby Drive frontage and established salon tenancy.
Where is this retail space located?
The property is located at 1382 E Shelby Dr Memphis, TN.
What are key features of this property?
This property features: Almost 8,000 SF well‑maintained, free‑standing retail building; Excellent Shelby Drive frontage on a retail corridor; Located less than 1 mile west of I‑55
More about this property
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