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Versatile Commercial Bay
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1531 Cherry Road, Memphis, TN 38117

Lease a versatile commercial bay on Cherry Road with convenient access to major thoroughfares for retail, service, office, or specialty use.

Space Size1,350 SF
Days on Market54

Property Features for 1531 Cherry Road

General Information

Standard status Active
Size 1,350 SF
Property subtype Retail

Building Details

Year Built 2020

Spaces For Lease

at 1531 Cherry Road Contact us

Bay 2

Size
1,350 SF
Type
Retail
Contact us

Space 1

Size
1,350 SF
Type
Retail
Contact us
Listing Agency: KAIZEN Realty LLC
Listed By: Jim Crowley · License #S-54123
Source: Crexi
Added: Jun 14 Changed: Jul 10 Last Checked: Aug 6 at 12:10PM

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 KAIZEN Realty LLC

Investment Insights

Based on property information with market context.

This offering is a commercial bay available for lease at 1531 Cherry Road. The space is presented as versatile for multiple operating formats, including retail, service, office, or specialty business uses. The property is intended to support a wide range of day-to-day business requirements, with the configuration suited to tenants looking for a flexible, street-accessible footprint.

The bay is located on Cherry Road in Memphis, within an established commercial area. The listing notes convenient access to major thoroughfares, which can be important for employee commute patterns and for customer access when conducting retail or service operations. The overall positioning is described as well-positioned for serving customers in the surrounding business corridor.

For tenants, this space’s flexibility is the key attribute. It can support a business that needs a direct commercial bay layout for customer-facing transactions, service delivery, or office operations. If you are launching, relocating, or expanding and want a single bay that can accommodate a variety of commercial use types, this leasing opportunity is worth reviewing based on its stated location along Cherry Road and its access to major routes.

Key Highlights

  • Commercial bay for lease at 1531 Cherry Road in Memphis, TN
  • Year built: 2020
  • Located on Cherry Road with convenient access to major thoroughfares

Property Analytics

Current Use

Savannah Tile & Stone ... General Contractor Lazy Donkey Bar & Pub

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Spa & Massage Center Daycare Center Kitchen & Bath Showroom

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

157
Businesses Nearby

Demographics for 38117, TN

27,138
Population
12,045
Households
2.3
Avg Household Size
40
Median Age
60%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
2,887
Density / Sq Mi
$93,688
Median Household Income
$52,596
Median Earnings
$1,353
Median Rent
$287,500
Median Home Value

Market

Vacancy Rate% for Office in Memphis, TN

14.6% 2019
15% 2020
16.8% 2021
16.2% 2022
17.3% 2023
16.7% 2024
17.6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Lease a versatile commercial bay on Cherry Road with convenient access to major thoroughfares for retail, service, office, or specialty use.
Where is this retail space located?
The property is located at 1531 Cherry Road Memphis, TN.
What are key features of this property?
This property features: Commercial bay for lease at 1531 Cherry Road in Memphis, TN; Year built: 2020; Located on Cherry Road with convenient access to major thoroughfares
More about this property
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