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Multi-Bay Retail Storefront
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1657 S 3rd St, Memphis, TN 38106

Four separate retail bays offer a straightforward layout for re-imagination and tenant customization.

Property Size6,845 SF
Price / SF$94.96
Days on Market1179

Property Features for 1657 S 3rd St

General Information

Standard status Active
Size 6,845 SF
Property subtype RETAIL

Site & Location

Neighborhood Riverview Kansas Cdc
Listing Agency: Braden, Braden & Braden LLC
Listed By: Jackie Braden · License #363196
Source: Moodyscre
Added: Aug 3, 2023 Changed: Oct 10 Last Checked: Oct 23 at 8:16AM

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 Braden, Braden & Braden LLC

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Investment Insights

Based on property information with market context.

This storefront property features four separate bays, providing an easily divided configuration that can be re-imagined for future retail use. The asset is offered for sale with investors as the intended audience.

The property is located less than seven minutes from the FedExForum and Beale St, placing it within close reach of a well-known downtown entertainment and nightlife corridor.

With multiple bays already in place, the building supports flexible occupancy planning across individual spaces while keeping the overall retail structure intact.

Key Highlights

  • Four separate retail bays with a straightforward layout for re‑imagination and tenant customization
  • Less than 7 minutes from FedExForum and Beale St

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon

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

346
Businesses Nearby
73k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 66% Dining 32% Apparel 2%
Dollar Tree Shops & Services
17,417 visits/mo 0.3 miles
McDonald's Dining
15,546 visits/mo 0.4 miles
Shell Shops & Services
8,145 visits/mo 0.4 miles
Church's Chicken Dining
7,584 visits/mo 0.4 miles
Regions Bank Shops & Services
6,534 visits/mo 0.4 miles

Demographics for 38106, TN

22,394
Population
11,630
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
83%
High-School Grad
10.4 sq mi
ZIP Area
2,153
Density / Sq Mi
$29,818
Median Household Income
$30,101
Median Earnings
$915
Median Rent
$66,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Storefront property - Four separate retail bays offer a straightforward layout for re-imagination and tenant customization.
Where is this storefront property located?
The property is located at 1657 S 3rd St Memphis, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four separate retail bays with a straightforward layout for re‑imagination and tenant customization; Less than 7 minutes from FedExForum and Beale St
(901) 949-7625 Call to check price and availability
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