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    2645 Mount Moriah Rd Memphis, TN 38115

    Sponsored
    For Sale
    $1,400,000

    High-traffic retail space, 17,000 SF, ample parking.

    Property size:
    17,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional freestanding retail building, located at 2645 Mt. Moriah Rd in Memphis, Tennessee, presents a unique investment opportunity. Boasting 17,000 square feet of space on a 2.14-acre lot, this property offers significant potential for a variety of retail uses. The building features an industrial-style design with an iron beam ceiling and a roof in excellent condition. Security is enhanced by an electric security fence encompassing the entire perimeter. Access is convenient via a sectional steel overhead door. The interior includes multiple private offices, ideal for management or specialized retail functions. Ample parking is provided with 60 surface spaces. The property enjoys high visibility with 274 feet of frontage on Mt. Moriah Road, a location experiencing daily vehicle counts exceeding 33,167. The asking price for this prime retail property is $1,400,000. The property's size, location, and features make it an attractive investment for discerning buyers seeking a high-impact retail presence in a busy Memphis commercial corridor. The zip code is 38115, and the property is situated in Shelby County.

    Property Features for 2645 Mount Moriah Rd

    General Information

    Property type
    Retail properties
    Square Feet
    17,000 SF
    Lot Size
    93,218 SF

    HighLights

    • Freestanding retail building with 274 feet of frontage on Mt. Moriah Road.
    • 17,000 square foot building on a 2.14‑acre lot.
    • 60 surface parking spaces.
    • High traffic location with over 33,167 vehicles per day.
    • Asking price: $1.4 million.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mid-South Small Engines ... Hardware Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -89.882596
    Latitude
    35.0754921

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, 17,000 SF, ample parking.
    Where is this retail property located?
    The property is located at 2645 Mount Moriah Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Freestanding retail building with 274 feet of frontage on Mt. Moriah Road.; 17,000 square foot building on a 2.14-acre lot.; 60 surface parking spaces.
    Request Owner's contact information
    2645 Mount Moriah Rd Memphis, TN 38115
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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
    2645 Mount Moriah Rd Memphis, TN 38115
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