Memphis Retail Building with
3500 Ramill Rd, Memphis, TN 38128
For Sale
Contact for pricing
11,122 SF retail building on 1.84 acres with drive-thru.
Property Size11,122 SF
Lot Size1.84 Acres
Price / SF$80.92
Days on Market256
Property Features for 3500 Ramill Rd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License TN #701472
(859) 581-1113
Source:
Crexi
Added: Feb 27
Changed: Nov 8
Last Checked: Nov 8 at 7:30AM
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 Bang Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 3500 Ramill Road, Memphis, TN 38128, this former drugstore property offers an investment opportunity. The 11,122 SF free-standing retail building is situated on a 1.84-acre lot at a signalized hard-corner intersection. The location benefits from high traffic volume, exceeding 46,000 vehicles per day. The property's features include a drive-thru. The building offers flexibility for conversion to multi-tenant use, owner-user repositioning, or single-tenant occupancy. The surrounding area includes major retailers such as Walgreens and AutoZone. The property is located in a dense neighborhood with strong workforce demographics and steady retail demand. Potential business uses include quick-service restaurants, medical offices, financial institutions, or specialty retailers.
Key Highlights
- High‑traffic location at a signalized hard‑corner intersection (46,000+ vehicles per day)
- Below‑replacement cost price of $900,000
- 11,122 SF free‑standing retail building on 1.84 acres with redevelopment potential
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
34k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 33%
Electronics 8%
SONIC Drive In
Dining
11,272 visits/mo
0.2 miles
Dollar General
Shops & Services
8,613 visits/mo
0.2 miles
BP
Shops & Services
6,283 visits/mo
0.1 miles
AutoZone
Shops & Services
5,030 visits/mo
0.1 miles
Boost Mobile
Electronics
1,927 visits/mo
0.1 miles
Demographics for 38128, TN
43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Memphis, TN
Similar Off Market Nearby
- Rotarcha E. Hardaway, PharmD — 3201 Austin Peay Hwy, Memphis, TN 38128, United States
- Smoothie King — 3288 Austin Peay Hwy, Memphis, TN 38128
- COVID-19 Drive-thru Testing at Walgreens — 3489 Ramill Rd, Memphis, TN 38128
- Linda Norwood — 3489 Ramill Rd, Memphis, TN 381283328
- Phung Ngo — 3489 Ramill Rd, Memphis, TN 381283328
Frequently Asked Questions
What type of property is this?
Drug store - 11,122 SF retail building on 1.84 acres with drive-thru.
Where is this drug store located?
The property is located at 3500 Ramill Rd Memphis, TN.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High‑traffic location at a signalized hard‑corner intersection (46,000+ vehicles per day); Below‑replacement cost price of $900,000; 11,122 SF free‑standing retail building on 1.84 acres with redevelopment potential
