Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1245 Germantown Pkwy Memphis, TN 38016

    Sponsored
    For Lease
    Contact for pricing

    Memphis retail space: prime location, flexible layouts.

    Lot size:
    146,626 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity in Memphis, Tennessee, presents a 146,626 square foot, single-story building situated at 1245 N Germantown Pkwy, 38016, within the desirable Cordova, Germantown, Lakeland, Arlington submarket cluster. The property boasts a total of 424 parking spaces, offering ample convenience for customers. Currently, there are two suites available: a 17,000 square foot space, previously occupied by a fitness center, featuring an open floor plan, high ceilings, and ideal for various uses including fitness, sports, or open retail

    Property Features for 1245 Germantown Pkwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    146,626 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 120
    Size
    9,320 SF
    Space
    Available Space 102
    Size
    17,000 SF

    HighLights

    • Turnkey former fitness center space available in a prime Germantown location.
    • Open floor plan suitable for retail, fitness, or other uses.
    • High‑traffic location on Germantown Parkway, with over 55,000 cars daily.
    • Situated at a signalized six‑lane intersection.
    • Ample parking: 420+ spaces.
    • Nine convenient access points from Germantown Parkway and Cordova Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Blue Room Restaurant Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.796858877306
    Latitude
    35.159406809237

    Nearby Similar for Lease

    • $5 SF/Yr
      94,500 SF

      Memphis Industrial Space for Lease

      Versatile industrial space in Memphis, suitable for various businesses.
      5445 E Raines Rd, Memphis, TN 38115
      View Details
    • Contact for pricing
      179,360 SF

      Memphis Warehouse and Distribution Opportunity

      Spacious warehouse with prime location for logistics and distribution.
      4605 Hickory Hill Rd, Memphis, TN 38141
      View Details
    • Contact for pricing
      11,288 SF

      Modern Office Space in Memphis

      Impressive office spaces with modern amenities in a prime Memphis location.
      691 Doctor Martin Luther King Junior Ave, Memphis, TN 38126
      View Details
    • Contact for pricing
      22,892 SF

      Memphis Office Leasing Opportunity

      Premier office space for rent in Memphis, Tennessee.
      3665 S Perkins Rd, Memphis, TN 38118
      View Details
    • Contact for pricing
      955 SF

      Edge District Retail Redevelopment Opportunity

      High-profile retail space in Memphis' transitioning Edge District.
      421 Monroe Ave, Memphis, TN 38103
      View Details
    • $4 SF/Yr
      50,000 SF

      Flexible Office Space in Memphis

      Premier property with modern amenities, ample parking, and customizable floorplans.
      2851 Lamb Pl, Memphis, TN 38118
      View Details
    • Contact for pricing

      Mixed-Use Development in Midtown Memphis

      Retail, dining, office, and residential spaces in Midtown Memphis.
      Central Ave, Memphis, TN 38104
      View Details
    • Contact for pricing
      28,860 SF

      Northeast Memphis Flex Space Available

      Rare vacancy in amenitized Memphis location, available in 2022.
      7730 A Trinity Rd, Memphis, TN
      View Details
    • $5,900,000
      6,122 SF

      Prime Retail Space Near Hospitals

      Retail space near medical district with high traffic and development.
      785 Union Ave, Memphis, TN 38103
      View Details
    • Contact for pricing
      9,843 SF

      Unique Entertainment Venue for Lease

      Former Railgarten venue with dining, music, and recreational spaces.
      2166 Central Ave, Memphis, TN 38104
      View Details
    • $12 SF/Yr
      131,000 SF

      Northeast Memphis Business Park

      Office and showroom/warehouse spaces available in Memphis, Tennessee.
      5125 Spice Cv, Memphis, TN 38134
      View Details
    • Contact for pricing
      6,000 SF

      Divisible Warehouse Space in Memphis

      Flexible warehouse space in the vibrant Edge District of Memphis.
      336 Monroe Avenue Ext, Memphis, TN 38103
      View Details

    FAQs

    What type of property is this?
    Restaurant - Memphis retail space: prime location, flexible layouts.
    Where is this restaurant located?
    The property is located at 1245 Germantown Pkwy Memphis, TN.
    What are key features of this property?
    This property features: Turnkey former fitness center space available in a prime Germantown location.; Open floor plan suitable for retail, fitness, or other uses.; High-traffic location on Germantown Parkway, with over 55,000 cars daily.
    Request Owner's contact information
    1245 Germantown Pkwy Memphis, TN 38016
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1245 Germantown Pkwy
    Memphis, TN 38016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1245 Germantown Pkwy Memphis, TN 38016
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.