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Commercial Land with Existing Building

3590 Thomas St, Memphis, TN 38127

For Sale
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CMU-1 zoning and a shell-condition building frame a redevelopment property in Memphis.

Property SizeContact for details
Days on Market7

Property Features for 3590 Thomas St

General Information

Standard status Active
Property subtype Office

Site & Location

Neighborhood Frayser Cdc
Listing Agency: Cushman & Wakefield | Commercial Advisors LLC - Memphis, Tennessee
Listed By: Conner Walker
Source: Crexi
Added: Nov 3 Changed: Nov 8 Last Checked: Nov 8 at 3:36PM

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 Cushman & Wakefield | Commercial Advisors LLC - Memphis, Tennessee

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 1.7-acre +/- commercial land parcel in Memphis includes an approximately 3,417 sq. ft. structure in shell condition. The building previously served as a residence and later as a medical clinic. The site is zoned CMU-1.

Potential redevelopment concepts identified for the property include office, event, gallery, spa, clinic, or residential use; these are possibilities, not stated zoning approvals.

Key Highlights

  • 1.7 acres +/-
  • Approximately 3,417 sq. ft. structure
  • CMU‑1 zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Restaurant Law Firm Dental Office Building Supply Hair Salon Big Box & Wholesale Store

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

113
Businesses Nearby

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

Properties on Market for Commercial land in Memphis

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Memphis, TN

14.6% 2019
15% 2020
16.8% 2021
16.2% 2022
17.3% 2023
16.7% 2024
17.6% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - CMU-1 zoning and a shell-condition building frame a redevelopment property in Memphis.
Where is this commercial land located?
The property is located at 3590 Thomas St Memphis, TN.
What are key features of this property?
This property features: 1.7 acres +/-; Approximately 3,417 sq. ft. structure; CMU‑1 zoning
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Includes: Price & PSF · Cap rate · Location · Zoning

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