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Freestanding Retail Building
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3188 N Watkins St, Memphis, TN 38127

Freestanding retail building for sale on a corner lot with value-add upside.

Property Size7,000 SF
Lot Size1.07 Acres
Days on Market54

Property Features for 3188 N Watkins St

General Information

Standard status Active
Size 7,000 SF
Lot size 1.07 Acres
Property subtype Retail - Street Retail

Building Details

Building Size 7,000 SF
Year Built 2001
Listing Agency: NAI Saig Company
Listed By: James McCraw, CCIM · License #340992
Source: Commercialcafe
Added: Jul 24 Changed: Sep 15 Last Checked: Sep 15 at 4:40AM

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 NAI Saig Company

Investment Insights

Based on property information with market context.

This freestanding retail building is offered for sale and presents value-add potential for the right buyer. The property sits on a 1.069-acre corner lot.

The building is located at the corner of N Watkins St and Dellwood Ave in Memphis, TN, providing a straightforward retail site configuration.

For buyers seeking a standalone retail asset with room to improve, this property offers an established freestanding format on a defined corner parcel.

Key Highlights

  • Freestanding retail building for sale
  • Located on a 1.069‑acre corner lot at N Watkins St and Dellwood Ave

Property Analytics

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Current Use

The Social Lounge Memphis Bar & Pub The Excitement Restaurant and Lounge Bar & Pub

Suggested Use

Top Pick Law Firm Dental Office HVAC Service Kitchen & Bath Showroom Big Box & Wholesale Store Gym & Fitness Center

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

422
Businesses Nearby
8k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 90% Electronics 10%
Valero Energy Shops & Services
4,519 visits/mo 0.1 miles
O'Reilly Auto Parts Shops & Services
1,532 visits/mo 0.5 miles
Ace Cash Express Shops & Services
1,128 visits/mo 0.4 miles
Cricket Wireless Authorized Retailer Electronics
761 visits/mo 0.4 miles

Demographics for 38127, TN

40,679
Population
17,560
Households
2.3
Avg Household Size
33
Median Age
11%
College-Educated
83%
High-School Grad
37.8 sq mi
ZIP Area
1,076
Density / Sq Mi
$37,768
Median Household Income
$31,790
Median Earnings
$1,104
Median Rent
$82,500
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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Freestanding retail building for sale on a corner lot with value-add upside.
Where is this retail space located?
The property is located at 3188 N Watkins St Memphis, TN.
What are key features of this property?
This property features: Freestanding retail building for sale; Located on a 1.069‑acre corner lot at N Watkins St and Dellwood Ave
More about this property
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