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5-Bay Strip Mall
For Sale
$349,000

3173 HWY 61 S THIRD ST. Ave, Memphis, TN 38109

Commercial/Industrial, Memphis, TN

Property SizeContact for details
Days on Market150

Property Features for 3173 HWY 61 S THIRD ST. Ave

General Information

Property type Commercial Sale
Property subtype Other
Subdivision BARTON HEIGHT
Standard status Active

Taxes and HOA fees

Tax Annual Amount 973

Building Details

Year built 1949
Listing Agency: Crye-Leike, Inc., REALTORS
Listed By: Henry Moshref
Added: Jun 1 Changed: Oct 1 Last Checked: Oct 28 at 8:06AM
MLS# 10223616

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This five-bay strip mall was constructed in 1949 and provides a multi-suite retail format. The property is located at 3173 HWY 61 S THIRD ST. Ave in Memphis, Tennessee, within ZIP Code 38109.

Key Highlights

  • Five‑bay strip mall configuration
  • Built in 1949
  • Located at 3173 HWY 61 S THIRD ST. Ave, Memphis, TN 38109

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Strip malls

Location Intelligence

Trade Area within ½ mile

321
Businesses Nearby
43k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 66% Shops & Services 25% Electronics 9%
McDonald's Dining
21,067 visits/mo 0.1 miles
Circle K Shops & Services
9,574 visits/mo 0.1 miles
KFC Dining
3,621 visits/mo 0.1 miles
SUBWAY Dining
3,542 visits/mo 0.4 miles
Boost Mobile Electronics
1,683 visits/mo 0.1 miles

Demographics for 38109, TN

42,437
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
59.7 sq mi
ZIP Area
711
Density / Sq Mi
$36,934
Median Household Income
$30,780
Median Earnings
$1,000
Median Rent
$76,600
Median Home Value
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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?
Strip mall - Retail center built in 1949 with a multi-suite configuration for commercial occupancy.
Where is this strip mall located?
The property is located at 3173 HWY 61 S THIRD ST. Ave Memphis, TN.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Five‑bay strip mall configuration; Built in 1949; Located at 3173 HWY 61 S THIRD ST. Ave, Memphis, TN 38109
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