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Former Restaurant Near I-40
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2850 Appling Road, Memphis, TN 38133

Former restaurant property near residential neighborhoods, a corporate park, and major retail destinations.

Property SizeContact for details
Days on Market14

Property Features for 2850 Appling Road

General Information

Standard status Active
Property subtype Retail
Listing Agency: Oliver Smith Realty & Development Company
Listed By: William Wegner · License #367583
Source: Crexi
Added: Aug 17 Changed: Aug 29 Last Checked: Aug 30 at 7:22PM

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 Oliver Smith Realty & Development Company

Investment Insights

Based on property information with market context.

This former restaurant property at 2850 Appling Road offers a commercial setting suited to restaurant-oriented use. The surrounding area includes residential neighborhoods, a corporate park, and Wolfchase Galleria Shopping Mall, creating a mix of nearby commercial and community context.

Access to I-40 is identified as easy, with traffic counts of 27,593 on Appling Road and 108,121 on I-40. Nearby retail includes Jersey Mike's, Hobby Lobby, Target, Cook Out, Petsmart, Best Buy, Chick-fil-A, Arby's, McDonald's, and Wolfchase Galleria Shopping Mall.

Key Highlights

  • Former restaurant property at 2850 Appling Road
  • Traffic counts of 27,593 on Appling Road and 108,121 on I‑40
  • Easy access to I‑40

Property Analytics

Current Use

Coletta's Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Hotel & Motel

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

587
Businesses Nearby
69k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 63% Dining 37%
Circle K Shops & Services
18,332 visits/mo 0.1 miles
Firehouse Subs Dining
9,151 visits/mo 0.1 miles
Wells Fargo Shops & Services
8,343 visits/mo 0.1 miles
El Mezcal Dining
8,005 visits/mo 0.2 miles
Lenny's Sub Shop Dining
6,428 visits/mo 0.2 miles

Demographics for 38133, TN

22,482
Population
8,336
Households
2.7
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
1,729
Density / Sq Mi
$82,485
Median Household Income
$46,522
Median Earnings
$1,449
Median Rent
$234,800
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?
Conventional restaurant - Former restaurant property near residential neighborhoods, a corporate park, and major retail destinations.
Where is this conventional restaurant located?
The property is located at 2850 Appling Road Memphis, TN.
What are key features of this property?
This property features: Former restaurant property at 2850 Appling Road; Traffic counts of 27,593 on Appling Road and 108,121 on I‑40; Easy access to I‑40
More about this property
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