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Freestanding Storefront Property
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5226 S Third St, Memphis, TN 38109

Single-tenant retail building with on-site parking and Highway 61 exposure.

Property Size9,016 SF
Days on Market182

Property Features for 5226 S Third St

General Information

Standard status Active
Size 9,016 SF
Class B
Total Parking Spaces 30
Property subtype Retail
Zoning CMU-3
Investment Type Value Add

Additional Details

Traffic Count 28,000 vehicles/day

Building Details

Year Built 2014
Buildings 1
Stories 1
Tenancy Single
Listing Agency: Woodcrest Capital
Listed By: Saben Emery · License #TX
Source: Crexi
Added: Mar 1 Changed: Aug 30 Last Checked: Aug 30 at 1:26PM

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 Woodcrest Capital

Investment Insights

Based on property information with market context.

Built in 2014, this freestanding storefront property provides 9,016 square feet of single-tenant space at 5226 S Third Street in Memphis. The building was formerly occupied by Dollar General and includes 30 on-site parking spaces. CMU-3 zoning supports the property’s commercial positioning.

The site fronts US-61, a north–south route carrying up to 28,000 vehicles per day. It is approximately five miles from a retail development anchored by Walmart, Kroger, and Aldi, and six miles from Graceland, which attracts more than 600,000 annual visitors. The property is suited to retail, restaurant, office, medical, and other professional service uses as stated in the listing information.

Key Highlights

  • 9,016‑square‑foot freestanding storefront building
  • 30 on‑site parking spaces
  • Frontage along US‑61 with up to 28,000 vehicles per day

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Hair Salon Spa & Massage Center Nail Salon

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

28,000 VPD
Traffic count
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

80
Businesses Nearby
32k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Dodge's Southern Style Shops & Services
20,523 visits/mo 0.2 miles
Dollar Tree Shops & Services
7,787 visits/mo 0.1 miles
BP Shops & Services
3,436 visits/mo 0.1 miles

Demographics for 38109, TN

42,437
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
59.7 sq mi
ZIP Area
711
Density / Sq Mi
$36,934
Median Household Income
$30,780
Median Earnings
$1,000
Median Rent
$76,600
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?
Storefront property - Single-tenant retail building with on-site parking and Highway 61 exposure.
Where is this storefront property located?
The property is located at 5226 S Third St Memphis, TN.
What are key features of this property?
This property features: 9,016‑square‑foot freestanding storefront building; 30 on‑site parking spaces; Frontage along US‑61 with up to 28,000 vehicles per day
More about this property
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