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    1277 Shelby Dr Memphis, TN 38116

    Sponsored
    For Lease
    Contact for pricing

    Freestanding Restaurant, 4022 sq ft, 1 acre lot

    Lot size:
    4,022 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional freestanding restaurant building, located at 1277 E Shelby Dr in Memphis, Tennessee, presents a compelling investment opportunity. Situated on a sizable 1.023-acre lot, the property boasts a generous 4,022 square feet of space, ideal for a variety of culinary concepts. Its prime location just east of the intersection with Elvis Presley Boulevard places it within the vibrant Whitehaven Trade Area of Memphis, ensuring high visibility and accessibility to a substantial customer base. The building's single-tenant occupancy offers streamlined management and potential for long-term lease stability. The property is classified as a restaurant in Shelby County, Tennessee, and features a convenient 38116 zip code. This location offers significant potential for growth and profitability within a well-established commercial district. The property's size and location make it an attractive option for both established restaurant operators seeking expansion and new entrepreneurs looking to establish a presence in a thriving market. Detailed property records are available upon request. This is a rare opportunity to acquire a well-positioned restaurant building in a high-traffic area of Memphis.

    Property Features for 1277 Shelby Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,022 SF

    Unit(s) available at that property

    Space
    Available Spaces
    Size
    4,022 SF

    HighLights

    • 4,022 SF freestanding restaurant building on 1.02‑acre lot.
    • Outparcel building at Southland Mall.
    • Excellent visibility near new Starbucks and AutoZone.
    • High‑traffic location; neighboring Popeye's, Jiffy Lube, and Church's Chicken rank among the busiest in Tennessee and nationally.
    • High traffic counts: Shelby Drive (27,190 AADT) and Elvis Presley Blvd (Hwy 51, 22,470 AADT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop 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
    -90.0212432
    Latitude
    35.0205285

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    FAQs

    What type of property is this?
    Restaurant - Freestanding Restaurant, 4022 sq ft, 1 acre lot
    Where is this restaurant located?
    The property is located at 1277 Shelby Dr Memphis, TN.
    What are key features of this property?
    This property features: 4,022 SF freestanding restaurant building on 1.02-acre lot.; Outparcel building at Southland Mall.; Excellent visibility near new Starbucks and AutoZone.
    Request Owner's contact information
    1277 Shelby Dr Memphis, TN 38116
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    Memphis, TN 38116
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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
    1277 Shelby Dr Memphis, TN 38116
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