4636 Faronia Rd Memphis, TN 38116
Retail investment opportunity at a bustling intersection in Memphis, TN.
Type:Retail
Property size:
14,305 SFLot size:
2.05 Acres- Added:
- Oct 9, 2023
- Days on Market:
- 923
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 4636 Faronia Rd
General Information
- Standard status
- Active
- Size
- 14,305 SF
- Lot size
- 2.05 Acres
- Property subtype
- Retail
Listing agent Melanie Myers Bland License #TN 288335
Listing office Myers Commercial Real Estate
Listing date Oct 9, 2023
Source Crexi
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 Myers Commercial Real Estate
Overview
Shelby Dr & Faronia Investment
This retail investment opportunity is located at the intersection of Shelby Dr and Faronia Rd in Memphis, TN 38116. The portfolio consists of two parcels totaling 2.05 acres and includes four commercial buildings. The property is suitable for an investor seeking value-add opportunities with short-term leases. Parcel A spans 1.06 acres and contains two buildings with a combined square footage of 9,865. Parcel B covers 0.99 acres and features two buildings totaling 4,440 square feet. The property has a net operating income of $109,000 with a 15% vacancy rate, offering holding income potential. The location is near retailers such as Starbucks and AutoZone. The property is located at a stoplight corner and could be converted into a gas station development site. Clean Phase I and II environmental reports are available from the seller.
Location Intelligence
Current Use by Public Records
The spot
Clothing Store
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0194379
- Latitude
- 35.0224332
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Retail investment opportunity at a bustling intersection in Memphis, TN.
Where is this retail space located?
The property is located at 4636 Faronia 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: Prime location at the intersection of Shelby Dr and Faronia Rd, suitable for gas station development.; Portfolio includes two parcels totaling 2.05 acres with four commercial buildings.; Opportunity for value‑add investment with short‑term leases.
