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8556 Macon Rd Memphis, TN 38018

Sponsored
For Sale
$2,000,000

Prime Cordova location, restaurant included.

Property size:
6,429 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity in Cordova, Tennessee, presents a unique blend of commercial and residential potential. The portfolio encompasses a total of 7.69 acres, including two existing buildings situated on Macon Road. One building, totaling 2,805 square feet, is currently vacant, offering immediate flexibility for various uses. The second building, spanning 3,624 square feet, houses a fully operational restaurant with a patio, currently leased to Stogies Cigar Bar & Lounge. The property boasts a combined 6,429 square feet of existing building space, with an asking price of $2,000,000. The land is zoned for commercial use, allowing for a diverse range of development options, including office, retail, multi-family, townhouses, and residential units above retail or office spaces. A portion of the land is also zoned for single-family residential use. An existing outline plan permits the construction of up to 200 multi-family units and 120,000 square feet of retail and office space. Built in 1920 and 1940, the property benefits from its convenient location within walking distance of the Shelby Farms Greenline, enhancing its appeal and accessibility. This presents a rare chance to acquire a substantial property with immediate income potential and significant long-term development possibilities in a thriving area of Shelby County. The property's location is 8534 and 8556 Macon Rd, Cordova, TN 38018.

Property Features for 8556 Macon Rd

General Information

Property type
Restaurants
Square Feet
6,429 SF
Lot Size
334,976 SF

Building Details

Year Built
1920

HighLights

  • $2,000,000 asking price for a mixed‑use portfolio in Cordova, TN.
  • 6,429 square feet of existing building space, including a restaurant.
  • 7.69 acres of land, including commercially zoned and residentially zoned parcels.
  • Buildings include a 2,805 SF vacant building and a 3,624 SF building with a built‑out restaurant currently leased.
  • Development potential includes up to 200 multi‑family units and 120,000 SF of retail/office space.
  • Prime location near the Shelby Farms Greenline.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-89.7661527
Latitude
35.1376546

FAQs

What type of property is this?
Restaurant - Prime Cordova location, restaurant included.
Where is this restaurant located?
The property is located at 8556 Macon Rd 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: $2,000,000 asking price for a mixed-use portfolio in Cordova, TN.; 6,429 square feet of existing building space, including a restaurant.; 7.69 acres of land, including commercially zoned and residentially zoned parcels.
More about this property
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