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    5226 Us-61 Memphis, TN 38109

    For Sale
    $675,000

    Vacant 9,026 SF Grocery Store - $675K

    Property size:
    9,026 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 9,026-square-foot retail building, located at 5226 US Highway 61 in Memphis, Tennessee, presents a unique owner-user opportunity. Previously occupied by a Dollar General store, this vacant property is ideally situated near the intersection of Highway 61 and Clement, benefiting from high visibility and significant traffic volume—a reported 10,363 vehicles daily. The building's spacious layout offers ample room for a variety of retail uses, making it suitable for a grocery store or other storefront businesses. The asking price for this prime Memphis commercial property is $675,000. The property is classified as a retail space and is categorized as both a grocery store and storefront. Located in Shelby County, Tennessee, with a zip code of 38109, this property offers excellent potential for a savvy investor or business owner seeking a strategic location in a high-traffic area. The building's vacant status allows for immediate customization and occupancy to suit the buyer's specific needs. This is a rare opportunity to acquire a well-positioned retail space in a thriving Memphis market. The property's size and location make it an attractive investment for those seeking a strong return on investment.

    Property Features for 5226 Us-61

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,026 SF

    HighLights

    • Former Dollar General store for sale.
    • 9,026 SF retail building.
    • Vacant building, ideal for owner‑user.
    • High‑traffic location at Hwy 61 & Clement intersection; 10,363 VPD.
    • Asking price: $675,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.1051652
    Latitude
    35.0052507

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    FAQs

    What type of property is this?
    Individual retail property - Vacant 9,026 SF Grocery Store - $675K
    Where is this individual retail property located?
    The property is located at 5226 Us-61 Memphis, TN.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Former Dollar General store for sale.; 9,026 SF retail building.; Vacant building, ideal for owner-user.
    Request Owner's contact information
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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
    5226 Us-61 Memphis, TN 38109
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