Former Restaurant and Auto
For Lease
Contact for pricing
2551 Mt Moriah Rd, Memphis, TN 38115
Former restaurant and auto lot available for lease or sale.
Space Size6,103 SF
Days on Market960
Property Features for 2551 Mt Moriah Rd
General Information
Standard status
Active
Size
6,103 SF
Class
C
Property subtype
Retail, Office, Restaurant
Lease Type
Modified Gross
Building Details
Building Size
6,103 SF
Year Built
1975
Tenancy
Single
Spaces For Lease
at 2551 Mt Moriah Rd Contact us- Size
- 6,103 SF
- Type
- Office, Restaurant, Retail
- Lease Type
- Modified Gross
- Availability
- Active
Available Space
Listing Agency:
MMIC Inc
(901) 761-1002
Listed By:
Arthur Malkin · License #TN 253811
Source:
Crexi
Added: Jan 4, 2024
Changed: Aug 14
Last Checked: Aug 21 at 8:10AM
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 MMIC Inc
Investment Insights
Based on property information with market context.
This property, formerly a restaurant and most recently an auto dealer/car lot, is available for lease or sale in "as is" condition. The sale price is $1.25 million. A well-qualified tenant with industry experience is required, along with a substantial deposit. The property is delivered "as is" with no warranties, including all systems and the roof. Potential tenants may conduct their own inspections before committing to a lease. The property is suitable for retail, office, restaurant, and automotive businesses.
Key Highlights
- High‑traffic location, formerly a restaurant/auto dealer, suitable for commercial use.
- Large lot size ideal for various business operations.
- Opportunity for qualified tenants with industry experience.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.92 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
Business Placement
Demographics for 38115, TN
40,076
Population
19,179
Households
2.1
Avg Household Size
30
Median Age
14%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
4,660
Density / Sq Mi
$42,931
Median Household Income
$32,997
Median Earnings
$1,129
Median Rent
$129,700
Median Home Value
Market
Lease Benchmarks for Memphis, TN
$15.03 /SF/Yr
Avg Asking Price
$8.33–$20.8 /SF/Yr
Price Range
19,986 SF
Avg Space Size
This space is priced 15% below the average of $15.03 /SF/Yr.
Vacancy Rate% for Office in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Former restaurant and auto lot available for lease or sale.
Where is this retail property located?
The property is located at 2551 Mt Moriah Rd Memphis, TN.
What is the lease rate?
The lease rate is $12.78 SF/Yr.
What are key features of this property?
This property features: High‑traffic location, formerly a restaurant/auto dealer, suitable for commercial use.; Large lot size ideal for various business operations.; Opportunity for qualified tenants with industry experience.
