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Multi-Unit Shopping Center

3538 Hickory Hill Road, Memphis, TN 38115

For Sale
New
Contact for pricing

Eleven vacant units offer space for new occupancy within the retail center.

Property Size17,194 SF
Price / SF$84
Days on Market6

Property Features for 3538 Hickory Hill Road

General Information

Standard status Active
Size 17,194 SF
Property subtype Retail

Property Condition

Severity Repairs Needed
Evidence deferred maintenance

Site & Location

Neighborhood The Power Center Cdc

Building Details

Tenancy Multi
Listing Agency: Sands Investment Group
Listed By: Lasha Kortava · License #GA 391027
Source: Crexi
Added: Nov 4 Changed: Nov 8 Last Checked: Nov 8 at 3:44PM

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 Sands Investment Group

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Investment Insights

Based on property information with market context.

This Memphis shopping center contains 17,194 square feet across 11 vacant units totaling 10,945 square feet, or 63.66% of the rentable area. The available space represents a substantial component of the center’s overall configuration.

The property is located at 3538 Hickory Hill Road, near established residential neighborhoods, retailers, and service-oriented businesses. Hickory Hill Road provides the stated access and visibility context for the site.

Key Highlights

  • 17,194‑square‑foot shopping center in Memphis
  • 11 vacant units totaling 10,945 square feet
  • Vacant space represents 63.66% of the rentable area

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Dental Office Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

610
Businesses Nearby
95k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 58% Dining 29% Apparel 10% Electronics 1%
McDonald's Dining
21,222 visits/mo 0.3 miles
Dollar Tree Shops & Services
14,986 visits/mo 0.3 miles
AutoZone Shops & Services
10,578 visits/mo 0.2 miles
Regions Bank Shops & Services
7,709 visits/mo 0.1 miles
Exxon Shops & Services
7,248 visits/mo 0.1 miles

Demographics for 38115, TN

40,076
Population
19,179
Households
2.1
Avg Household Size
30
Median Age
14%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
4,660
Density / Sq Mi
$42,931
Median Household Income
$32,997
Median Earnings
$1,129
Median Rent
$129,700
Median Home Value

Market

Properties on Market for Shopping centers in Memphis

Jul
Aug
Sep
Oct

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

Similar Off Market Nearby

  • Hickory Ridge Crossing Center — 3649 Hickory Hill Rd, Memphis, TN 38115
  • Hickory Ridge Mall — 6075 Winchester Rd, Memphis, TN 38115
  • Store 6092 — 6215 Winchester Rd, Memphis, TN 38115
  • Visions Barber — 3545 Ridgeway Rd, Memphis, TN 38115
  • Plum Tree Shops — 5800 Winchester Rd, Memphis, TN 38115

Frequently Asked Questions

What type of property is this?
Shopping center - Eleven vacant units offer space for new occupancy within the retail center.
Where is this shopping center located?
The property is located at 3538 Hickory Hill Road Memphis, TN.
What is the asking price?
The asking price for this property is $1,461,475.
What are key features of this property?
This property features: 17,194‑square‑foot shopping center in Memphis; 11 vacant units totaling 10,945 square feet; Vacant space represents 63.66% of the rentable area
(404) 207-1171 Call to check price and availability
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