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    2360 Airways Blvd Memphis, TN 38114

    Sponsored
    For Sale
    $799,000

    Memphis Convenience Store, High Traffic

    Property size:
    9,369 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This freestanding convenience store building, located at 2360 Airways Blvd in Memphis, Tennessee, presents a compelling investment opportunity. The 9,369 square foot building, constructed in 2012, features durable cinder block construction, a metal roof, and energy-efficient LED lighting. The property sits on a 1.26-acre lot and boasts 35 parking spaces, including two ADA-compliant spots. With 209.38 feet of frontage on Airways Boulevard, a major thoroughfare with a daily traffic count of 20,253 vehicles, the building enjoys excellent visibility and accessibility. The CMU-1 zoning allows for a variety of uses. The building also benefits from 3-phase electrical service and the potential for expansion using existing parking space. Its proximity to I-240 Highway further enhances its strategic location. The asking price is $799,000, translating to $85.28 per square foot. Monument pylon signage is available. This property is ideal for an owner-user seeking a well-maintained, high-traffic location in a thriving Memphis market.

    Property Features for 2360 Airways Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,369 SF
    Lot Size
    54,886 SF

    Building Details

    Year Built
    2012

    HighLights

    • 35 parking spaces, including two ADA‑compliant spaces.
    • Airways Blvd. location boasts 20,253 vehicles per day (VPD).
    • 2012 construction; features cinder block construction, metal roof, and energy‑efficient LED lighting.
    • CMU‑1 zoning.
    • Less than one mile from I‑240 Highway.
    • Potential for building expansion utilizing existing parking area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store 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
    -89.9846097
    Latitude
    35.0810479

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    FAQs

    What type of property is this?
    Individual retail property - Memphis Convenience Store, High Traffic
    Where is this individual retail property located?
    The property is located at 2360 Airways Blvd Memphis, TN.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: 35 parking spaces, including two ADA-compliant spaces.; Airways Blvd. location boasts 20,253 vehicles per day (VPD).; 2012 construction; features cinder block construction, metal roof, and energy-efficient LED lighting.
    Request Owner's contact information
    2360 Airways Blvd Memphis, TN 38114
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2360 Airways Blvd Memphis, TN 38114
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