Renovated Former Macy's For
For Sale
Contact for pricing
Pending
1300 Southland Mall, Memphis, TN 38116
147,900 SF renovated retail space near Southland Mall.
Property Size148,249 SF
Days on Market783
Property Features for 1300 Southland Mall
General Information
Standard status
Pending
Size
148,249 SF
Class
B
Property subtype
Industrial, Retail
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1966
Year Renovated
2024
Buildings
1
Stories
2
Listing Agency:
Oliver Smith Realty & Development Company
Listed By:
Brian Coyle · License #367047
(203) 918-3944
Source:
Crexi
Added: Jul 12, 2024
Changed: Aug 16
Last Checked: Aug 31 at 11:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Oliver Smith Realty & Development Company
Investment Insights
Based on property information with market context.
A recently renovated 147,900 SF former Macy’s department store is available for sale. The property backs up to the Southland Mall in Memphis, TN. The property is suitable for an owner/user or an investor. Seller financing is available for the right user. The property has roughly 540+ ft of road frontage on E Shelby Drive, with a traffic light entry into the site. The traffic count on E Shelby Drive is 21,241 VPD. The property is situated less than 1 mile away from I-55, and Memphis International Airport is on the opposite side of the interstate. Directly out front of the Southland Mall are Starbucks, Guthrie’s, Autozone, and a freestanding Footlocker. Starbucks is located on the hard corner of Elvis Presley Blvd (19,715 VPD) & E Shelby Dr (21,241 VPD). There is an existing IHOP with plans for a remodel to open back up in 2025. The interior space consists of two levels. The 1st floor is roughly 132,900 SF with a 20 ft ceiling height, and the 2nd floor is a remaining 15,000 SF. The space has sprinklers throughout. There are four dock doors in the back. Ownership has taken the last two years to bring this property back to life and create a rent-ready space and are open to doing improvements to make the space work for the right user.
Key Highlights
- Large 147,900 SF space, suitable for owner/user or investor.
- Seller financing available for the right user.
- Priced below replacement cost.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38116, TN
39,107
Population
18,526
Households
2.1
Avg Household Size
35
Median Age
21%
College-Educated
88%
High-School Grad
19.6 sq mi
ZIP Area
1,995
Density / Sq Mi
$44,663
Median Household Income
$31,593
Median Earnings
$1,035
Median Rent
$125,800
Median Home Value
Market
Vacancy Rate% for Industrial in Memphis, TN
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Similar Off Market Nearby
- SameDay-FlowerDelivery — 1215 southland mall, memphis, tn 38116
- BLOOMING GARDENS FLORIST — 1232 E Shelby Dr, Memphis, TN 38116
Frequently Asked Questions
What type of property is this?
Storefront property - 147,900 SF renovated retail space near Southland Mall.
Where is this storefront property located?
The property is located at 1300 Southland Mall Memphis, TN.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Large 147,900 SF space, suitable for owner/user or investor.; Seller financing available for the right user.; Priced below replacement cost.
