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    3830-3854 Austin Peay Hwy Memphis, TN 38128

    For Lease
    Contact for pricing

    Memphis Shopping Center: Suites Available

    Lot size:
    14,885 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Covington Springs, a neighborhood shopping center located at 3830-3854 Austin Peay Highway in Memphis, Tennessee (zip code 38128), offers exceptional retail space opportunities. This Shelby County property boasts a total of 14,885 square feet across four suites, presenting a unique investment prospect. Currently, a significant 12,432 square feet is available for lease, providing flexibility for various retail concepts. Individual suites range from a minimum of 1,960 square feet to a maximum contiguous space of 5,600 square feet, catering to businesses of diverse sizes. The property's prime location on Austin Peay Highway ensures high visibility and accessibility for customers. The multiple suite configuration allows for a variety of tenant mixes, creating a vibrant and synergistic shopping environment. This is an excellent chance to establish or expand your retail presence in a thriving Memphis community. The property is classified as a shopping center and is ideal for businesses seeking a well-situated retail space in a high-traffic area. Interested parties are encouraged to explore the potential of this versatile and strategically located retail center. The property's address is easily accessible and offers ample parking for customers and employees. The available space presents a unique opportunity for businesses seeking a prominent location in a busy commercial area.

    Property Features for 3830-3854 Austin Peay Hwy

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,885 SF

    Unit(s) available at that property

    Space
    Suite 3854-K-1
    Size
    1,960 SF
    Space
    Suite 3854-K-2
    Size
    2,072 SF
    Space
    Suite 3884
    Size
    2,800 SF
    Space
    Suite 3902
    Size
    5,600 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -89.8980217
    Latitude
    35.2309344

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    FAQs

    What type of property is this?
    Lifestyle center - Memphis Shopping Center: Suites Available
    Where is this lifestyle center located?
    The property is located at 3830-3854 Austin Peay Hwy Memphis, TN.
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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
    3830-3854 Austin Peay Hwy Memphis, TN 38128
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