Updated Storefront
For Sale
$80,000
3240 N Watkins St, Memphis, TN 38127
CMU-1 zoning supports a variety of retail and office uses.
Property SizeContact for details
Days on Market35
Property Features for 3240 N Watkins St
General Information
Standard status
Active
Building Details
Year Built
1940
Listing Agency:
Crye-Leike, Inc., REALTORS
Listed By:
Africa McCloy · License #348663
Source:
Bryanrealty
Added: Jul 28
Changed: Aug 31
Last Checked: Aug 31 at 12:34AM
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 Crye-Leike, Inc., REALTORS
Investment Insights
Based on property information with market context.
This storefront property, built in 1940, has received extensive updates, including fresh interior and exterior paint, a new HVAC system, water heater, roof, interior light fixtures, exterior door, small kitchen, and laundry area. The site also includes a wooden deck, a secure fenced lot, and parking for about 10 cars.
Located at 3240 N Watkins St in Memphis, Tennessee, the property is zoned CMU-1, with a variety of retail and office uses permitted. Interior modifications could allow conversion to residential use, subject to meeting residential code requirements.
Located at 3240 N Watkins St in Memphis, Tennessee, the property is zoned CMU-1, with a variety of retail and office uses permitted. Interior modifications could allow conversion to residential use, subject to meeting residential code requirements.
Key Highlights
- CMU‑1 zoning permits a variety of retail and office uses
- New roof, HVAC system, water heater, and interior light fixtures
- Fresh interior and exterior paint
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 28%
Electronics 6%
Valero Energy
Shops & Services
4,519 visits/mo
0.1 miles
KFC
Dining
3,750 visits/mo
0.4 miles
Cash America
Shops & Services
1,570 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
1,532 visits/mo
0.4 miles
Ace Cash Express
Shops & Services
1,128 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Similar Off Market Nearby
- C & W Flowers — 1415 Whitney Ave, Memphis, TN 38127
- Bergeron's Flowers — 3618 N Watkins St, Memphis, TN 38127
Frequently Asked Questions
What type of property is this?
Storefront property - CMU-1 zoning supports a variety of retail and office uses.
Where is this storefront property located?
The property is located at 3240 N Watkins St Memphis, TN.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: CMU‑1 zoning permits a variety of retail and office uses; New roof, HVAC system, water heater, and interior light fixtures; Fresh interior and exterior paint
