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    1833 3Rd St Memphis, TN 38109

    For Lease
    $6 SF/Yr

    High-traffic retail center; 11 spaces available.

    Lot size:
    194,206 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents Southgate North Shopping Center, a well-established retail property ideally situated at a high-traffic intersection boasting excellent population density. The center comprises two single-story buildings totaling 194,206 square feet, constructed in 1962 and extensively renovated in 2010. The property features a total of 12 suites, offering a diverse range of space options. Units are available in sizes ranging from a minimum of 1,275 square feet to a maximum contiguous space of 25,384 square feet, providing flexibility for various retail tenants. The center is anchored by strong, established businesses including Roses, Dollar Tree, Gordin Butcher Shoppee, and City Gear, ensuring consistent foot traffic and a vibrant shopping environment. The buildings are currently in good condition, reflecting the significant investment made during the 2010 renovation. This prime retail location presents a compelling opportunity for investors seeking a stable, high-performing asset in a thriving market. Eleven spaces are currently available for lease, making this an ideal opportunity for both individual and portfolio expansion.

    Property Features for 1833 3Rd St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    194,206 SF
    Total Rate
    97103

    Building Details

    Year Built/Renovated
    1962/2010
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    1833 SG #2
    Size
    25,394 SF
    Rate per SF
    $6
    Space
    1825 SG
    Size
    2,750 SF
    Rate per SF
    $6
    Space
    1827 SG
    Size
    4,400 SF
    Rate per SF
    $6
    Space
    1801 SG
    Size
    2,750 SF
    Rate per SF
    $6
    Space
    1791 SG
    Size
    2,200 SF
    Rate per SF
    $6
    Space
    1793 SG
    Size
    1,800 SF
    Rate per SF
    $6
    Space
    1789 SG
    Size
    1,275 SF
    Rate per SF
    $6
    Space
    1799 B
    Size
    1,650 SF
    Rate per SF
    $6
    Space
    1799A
    Size
    1,980 SF
    Rate per SF
    $6
    Space
    1817 B
    Size
    22,800 SF
    Rate per SF
    $6
    Space
    1795 SG
    Size
    2,884 SF
    Rate per SF
    $6

    HighLights

    • High‑traffic intersection shopping center with excellent population density.
    • Anchored by Roses, Dollar Tree, Gordin Butcher Shoppee, and City Gear.
    • 194,206 SF shopping center with 11 available spaces ranging from 1,275 SF to 25,384 SF.
    • Well‑maintained building, built in 1962 and renovated in 2010.
    • Two, one‑story buildings totaling 12 suites.
    Property Profile Location Intelligence

    Current Use by Public Records

    Comforter Sets and Down ... Bedding Store Dollar Tree Dollar Store Roses Discount Store Discount Store Carports Memphis TN Portable Building Manufacturer NAPA Paint And Supply Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.057209628758
    Latitude
    35.097499604764

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail center; 11 spaces available.
    Where is this lifestyle center located?
    The property is located at 1833 3Rd St Memphis, TN.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: High-traffic intersection shopping center with excellent population density.; Anchored by Roses, Dollar Tree, Gordin Butcher Shoppee, and City Gear.; 194,206 SF shopping center with 11 available spaces ranging from 1,275 SF to 25,384 SF.
    Request Owner's contact information
    1833 3Rd St Memphis, TN 38109
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    Memphis, TN 38109
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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
    1833 3Rd St Memphis, TN 38109
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