Five-Bay Strip
3173 HWY 61 S THIRD ST. Ave Memphis, TN 38109
For Sale
$349,000
COMMERCIAL - Memphis, TN
Days on Market59
Property Features for 3173 HWY 61 S THIRD ST. Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
973
Building Details
Year built
1949
Listing Agency:
Crye-Leike, Inc., REALTORS
(901) 756-8900
Listed By:
Henry Moshref
(901) 219-3596
Added: Jun 1
Changed: Jun 10
Last Checked: Jul 29 at 7:06AM
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.
Investment Insights
Based on property information with market context.
This offering is a five-bay strip center presented for sale. The property is positioned for an investor looking to restore and renovate the existing space, with improvements and finishes expected as part of a redevelopment plan.
The building is located at 3173 Hwy 61 S Third St Ave in Memphis, Tennessee (Shelby County). The site is configured as a small retail strip with multiple bays, allowing for separate tenant spaces within a compact shopping format.
For buyers seeking a value-add retail asset, the property’s five-bay configuration can support a range of neighborhood retail uses depending on how the bays are reconfigured and finished. Because the seller is specifically marketing the site as requiring restoration and renovation, due diligence on existing conditions, access, and renovation scope will be important for budgeting and timeline planning.
The building is located at 3173 Hwy 61 S Third St Ave in Memphis, Tennessee (Shelby County). The site is configured as a small retail strip with multiple bays, allowing for separate tenant spaces within a compact shopping format.
For buyers seeking a value-add retail asset, the property’s five-bay configuration can support a range of neighborhood retail uses depending on how the bays are reconfigured and finished. Because the seller is specifically marketing the site as requiring restoration and renovation, due diligence on existing conditions, access, and renovation scope will be important for budgeting and timeline planning.
Key Highlights
- Five‑bay strip center suited for restoration and renovation
- Built in 1949
Property Analytics
Property Profile
Location Intelligence
Current Use
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Frequently Asked Questions
What type of property is this?
Shopping center - Five-bay strip center offered for sale, needing restoration and renovation for an investor or operator.
Where is this shopping center 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 center suited for restoration and renovation; Built in 1949
