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    3545 Austin Peay Hwy Memphis, TN 38128

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail land, build-to-suit options.

    Lot size:
    74,052 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land opportunity presents two available outparcels in the thriving Marketplace at Raleigh. Situated across from the new $65 million Raleigh Civic Center and minutes from Methodist North Hospital, this location boasts unparalleled visibility and accessibility. The property offers 0.85 to 1.7 acres of land ideal for build-to-suit development, ground lease, or outright purchase. Benefit from the high traffic counts on nearby Austin Peay Highway (25,157 AADT) and Yale Road (17,416 AADT), ensuring significant exposure for your business. The area is already home to a robust retail landscape, including major players such as Walmart, Save-a-Lot, Dollar Tree, DD's Discounts, Citi Trends, Hibbett Sports, Aldi, Rainbow, Popeye's, and McDonald's, creating a synergistic environment. Furthermore, the proximity to the Nike North America Logistics Campus (2,600+ employees) and an Amazon Fulfillment Center (2,000+ employees) guarantees a substantial and consistent customer base. This is a prime opportunity to establish a presence in a rapidly growing area with exceptional demographics and high consumer traffic. The property is zoned for multiple tenants, offering flexibility for various retail concepts. Don't miss this chance to capitalize on this strategic location and thriving retail market.

    Property Features for 3545 Austin Peay Hwy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    74,052 SF

    Unit(s) available at that property

    Space
    Lot 7
    Size
    74,052 SF

    HighLights

    • Two outparcels available for build‑to‑suit, ground lease, or sale.
    • Excellent location near Nike's North America Logistics Campus and an Amazon Fulfillment Center.
    • Strong retail synergy with nearby Walmart, Save‑a‑Lot, Dollar Tree, and other national retailers.
    • High traffic counts on Austin Peay Highway (25,157 AADT) and Yale Road (17,416 AADT).
    • Across from the new $65 million Raleigh Civic Center and minutes from Methodist North Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Starbucks Coffee Shop

    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
    -89.90862
    Latitude
    35.2232399

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    FAQs

    What type of property is this?
    Land - High-traffic retail land, build-to-suit options.
    Where is this land located?
    The property is located at 3545 Austin Peay Hwy Memphis, TN.
    What are key features of this property?
    This property features: Two outparcels available for build-to-suit, ground lease, or sale.; Excellent location near Nike's North America Logistics Campus and an Amazon Fulfillment Center.; Strong retail synergy with nearby Walmart, Save-a-Lot, Dollar Tree, and other national retailers.
    Request Owner's contact information
    3545 Austin Peay Hwy Memphis, TN 38128
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    Memphis, TN 38128
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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
    3545 Austin Peay Hwy Memphis, TN 38128
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