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Neighborhood Corner Retail Strip Center
For Sale
$250,000

3659 WATKINS St, Memphis, TN 38127

Four-bay strip center on a neighborhood street corner requiring rehab to suit the buyer.

Property SizeContact for details
Days on Market744

Property Features for 3659 WATKINS St

General Information

Standard status Active
Property subtype General Commercial

Amenities

Central Air
3
Corner Lot.
Asphalt.
In City, Corner, Strip Mall.

Building Details

Year Built 1984
Listing Agency: Braden, Braden & Braden LLC
Listed By: Jackie Braden · License #363196
Source: Xome
Added: Aug 27, 2024 Changed: Sep 2 Last Checked: Sep 8 at 5:10AM

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 Braden, Braden & Braden LLC

Investment Insights

Based on property information with market context.

This property is a previously configured four-bay strip center. The building needs rehabilitation to meet the buyer’s intended specifications and readiness for occupancy.

Located at 3659 N WATKINS St in Memphis, TN, the site sits on a busy neighborhood street corner and is described as minutes away from HWY 51.

The available configuration and overall condition make this an appropriate fit for a buyer looking to reposition the property through needed updates prior to tenanting.

Key Highlights

  • Four‑bay strip center on an in‑city street corner lot
  • Rehab needed to suit the buyer
  • Asphalt parking available

Property Analytics

Current Use

Niberdes Restaurant and Catering ... Restaurant Solar of Memphis Solar Energy Company Indigo Tattoos Shop Tattoo & Piercing Shop Dooney Mama's Kitchen Restaurant

Suggested Use

Top Pick Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Restaurant 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

301
Businesses Nearby
19k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 96% Electronics 4%
Family Dollar Shops & Services
6,802 visits/mo 0.1 miles
Dollar General Shops & Services
6,611 visits/mo 0.0 miles
BP Shops & Services
2,657 visits/mo 0.2 miles
Ace Cash Express Shops & Services
1,128 visits/mo 0.4 miles
Cricket Wireless Authorized Retailer Electronics
761 visits/mo 0.5 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

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?
Strip mall - Four-bay strip center on a neighborhood street corner requiring rehab to suit the buyer.
Where is this strip mall located?
The property is located at 3659 WATKINS St Memphis, TN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Four‑bay strip center on an in‑city street corner lot; Rehab needed to suit the buyer; Asphalt parking available
More about this property
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