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Freestanding Retail Building
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Pending

3695 Austin Peay Hwy, Memphis, TN 38128

Shell-condition freestanding retail facility ready for interior build-out, with preapproval for a cell tower.

Days on Market112

Property Features for 3695 Austin Peay Hwy

General Information

Standard status Pending
Property subtype Retail

Additional Details

Traffic Count 24,000 vehicles/day
Listing Agency: Crye-Leike Commercial Memphis
Listed By: Eric Fuhrman · License #TN 291774
Source: Crexi
Added: Apr 11 Changed: Jul 23 Last Checked: Jul 30 at 12:45PM

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 Crye-Leike Commercial Memphis

Investment Insights

Based on property information with market context.

This freestanding retail facility is offered in shell condition, allowing a buyer to complete the interior build-out to suit their concept. The site is also preapproved for a cell tower.

The property is located at 3695 Austin Peay Hwy in Memphis, TN 38128, with pylon signage noted as being exposed to more than 24,000 vehicles per day. Some conceptual designs and a proposed site plan are available.

For buyers seeking a retail site with flexibility for interior improvement and an additional preapproved use on the property, this offering provides the groundwork to move forward with planning and build-out.

Key Highlights

  • Freestanding retail facility in shell condition, ready for interior build‑out
  • Preapproved for a cell tower to boost monthly income
  • Pylon signage on Austin Peay Highway with exposure to 24,000+ vehicles per day

Property Analytics

Current Use

Royal Pavillion Wedding Service

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Auto Repair Shop Dental Office

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

Lease Details

24,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

491
Businesses Nearby
72k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 57% Groceries 24% Dining 16% Hotels & Casinos 3%
Aldi Groceries
17,560 visits/mo 0.3 miles
Marathon Shops & Services
14,693 visits/mo 0.5 miles
SONIC Drive In Dining
11,405 visits/mo 0.5 miles
Valero Energy Shops & Services
7,135 visits/mo 0.2 miles
BP Shops & Services
4,919 visits/mo 0.3 miles

Demographics for 38128, TN

43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
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
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Kroger Floral — 3860 Austin Peay Hwy, Memphis, TN 38128

Frequently Asked Questions

What type of property is this?
Storefront property - Shell-condition freestanding retail facility ready for interior build-out, with preapproval for a cell tower.
Where is this storefront property located?
The property is located at 3695 Austin Peay Hwy Memphis, TN.
What are key features of this property?
This property features: Freestanding retail facility in shell condition, ready for interior build‑out; Preapproved for a cell tower to boost monthly income; Pylon signage on Austin Peay Highway with exposure to 24,000+ vehicles per day
More about this property
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