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    1250 Germantown Pkwy Memphis, TN 38016

    Sponsored
    For Lease
    $15 SF/Yr ($8,778 /Mo)

    Memphis retail space, multiple suites available.

    Lot size:
    6,972 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional retail opportunity is located at 1250 N Germantown Parkway in Cordova, Tennessee, within Shelby County (zip code 38016). The property consists of a multi-building complex offering multiple suites for lease, ideal for a variety of retail or restaurant uses. The total building size is 6,972 square feet, encompassing two suites. Currently, 7,350 square feet are vacant, providing significant space for expansion or multiple tenants. Flexible lease options are available, accommodating businesses needing anywhere from a minimum of 2,188 square feet to a maximum contiguous space of 5,162 square feet. This prime location in Cordova offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a thriving Memphis market. The property's classification includes commercial, retail, and restaurant uses, providing versatility for potential tenants. This is a unique chance to secure a prominent retail space in a desirable area of Memphis. The property is situated at 35.1594655 latitude and -89.7936026 longitude.

    Property Features for 1250 Germantown Pkwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,972 SF
    Total Rate
    8778.91

    Unit(s) available at that property

    Space
    Suite 120
    Size
    2,188 SF
    Rate per SF
    $16
    Space
    Suite 123
    Size
    5,162 SF
    Rate per SF
    $15

    HighLights

    • High‑visibility location on Germantown Parkway with monument signage.
    • Signalized intersection at Germantown Parkway and Cordova Road provides excellent ingress/egress.
    • Recently renovated with new parking lot sealcoating, striping, exterior paint, and office building roofing.
    • High traffic count of 60,000 vehicles daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farm Bureau Insurance Insurance Agency TONA Event Space ... Event Venue Your Hair Design Hair Salon

    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
    -89.7936026
    Latitude
    35.1594655

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    FAQs

    What type of property is this?
    Restaurant - Memphis retail space, multiple suites available.
    Where is this restaurant located?
    The property is located at 1250 Germantown Pkwy Memphis, TN.
    What is the lease rate?
    The lease rate is $15-$16 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location on Germantown Parkway with monument signage.; Signalized intersection at Germantown Parkway and Cordova Road provides excellent ingress/egress.; Recently renovated with new parking lot sealcoating, striping, exterior paint, and office building roofing.
    Request Owner's contact information
    1250 Germantown Pkwy Memphis, TN 38016
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    Memphis, TN 38016
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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
    1250 Germantown Pkwy Memphis, TN 38016
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