6020 Shelby Oaks Drive, Memphis, TN 38134

Building Details

Year Built

1985

Listing office Woodyard Realty Corporation l**@woodyardrealty.com Show Phone

Listing date Jun 22, 2026

Source Crexi

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Overview

This redevelopment opportunity is based on a vacant 97-key hospitality asset with an apartment conversion concept and a preliminary plan to create approximately 80 apartment units. The property was originally built in 1985 and includes an existing elevator and common-area infrastructure intended to support the conversion effort.

Significant work has already been completed toward readiness for redevelopment, including installation of a new roof and other substantial remediation. With the base building systems and circulation already in place, the project is structured around converting the existing improvements rather than starting from scratch.

For buyers and developers looking for a multifamily redevelopment project, this offering provides a defined conversion premise and documented capital work to date. Interested parties can review the conversion plan and confirm project scope, unit mix, and all related costs and timelines, as projections referenced with the concept should be independently evaluated. The property’s combination of prior hospitality buildout, existing elevator/common-area infrastructure, and completed roof replacement may help streamline early phases of redevelopment planning.

Suggested Use

Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Memphis

County

Shelby

State

Tennessee

Longitude

-89.8625079

Latitude

35.1683556

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FAQs

What type of property is this?

Apartment building - Vacant hospitality property with an apartment redevelopment concept, including a newly installed roof and existing elevator infrastructure.

Where is this apartment building located?

The property is located at 6020 Shelby Oaks Drive Memphis, TN.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Year built 1985 hospitality property; vacant and positioned for an apartment redevelopment conversion concept; Preliminary 80‑unit apartment conversion concept using existing on‑site elevator and common‑area infrastructure; New roof installed and significant remediation performed