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    4700 Knight Arnold Rd Memphis, TN 38118

    Sponsored
    For Lease
    Contact for pricing

    3,139 SF Free-Standing Building, High Traffic

    Lot size:
    3,139 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,139 square foot free-standing retail building presents a unique investment opportunity in a high-traffic area of Memphis, Tennessee. Located at 4700 Knight Arnold Road, Shelby County, this single-tenant property sits on a substantial 3.5-acre lot and benefits from excellent visibility and accessibility. The building's former use as a bank includes a convenient drive-thru, a feature highly desirable for various retail concepts. Its location at the corner of Knight Arnold Road and Perkins Road provides easy ingress and egress, capitalizing on the high volume of traffic—25,000 vehicles per day—at the nearby intersection. The property is situated in a thriving retail corridor anchored by a popular Super Lo grocery store and surrounded by other established businesses including Dollar General, Advance Auto Parts, AutoZone, Dollar Tree, Sav-a-Lot, and Family Dollar. This ensures high foot traffic and strong consumer presence. Importantly, this building qualifies as a red zone CRA branch, presenting additional investment incentives. The entire 3,139 square feet is currently vacant, offering a blank canvas for a new tenant to customize the space to their specific needs. This property is ideal for a variety of retail uses, including restaurants and other businesses seeking a high-visibility location in a densely populated area of Memphis. The ample land provides significant potential for future expansion or development.

    Property Features for 4700 Knight Arnold Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,139 SF

    Unit(s) available at that property

    Space
    Size
    3,139 SF

    HighLights

    • Former bank branch building.
    • Drive‑thru available.
    • Free‑standing building with convenient access.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM (Suntrust Bank) Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9067592
    Latitude
    35.0626758

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    FAQs

    What type of property is this?
    Individual retail property - 3,139 SF Free-Standing Building, High Traffic
    Where is this individual retail property located?
    The property is located at 4700 Knight Arnold Rd Memphis, TN.
    What are key features of this property?
    This property features: Former bank branch building.; Drive-thru available.; Free-standing building with convenient access.
    Request Owner's contact information
    4700 Knight Arnold Rd Memphis, TN 38118
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    Memphis, TN 38118
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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
    4700 Knight Arnold Rd Memphis, TN 38118
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