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    1300 Southland Mall Memphis, TN 38116

    For Sale
    Contact for pricing

    148,000 SF Former Macy's, Owner/User Opportunity

    Property size:
    148,249 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 147,900-square-foot former Macy's department store in Memphis, Tennessee, presents a rare owner-user or investor opportunity. Located at 1300 Southland Mall, this two-story building (132,900 SF on the first floor with 20-foot ceilings and 15,000 SF on the second floor) boasts a recent 2024 renovation and is priced below replacement cost. The property sits on a 12.48-acre lot with 540+ feet of road frontage on E Shelby Drive, featuring a traffic light entry and strong traffic counts (21,241 VPD). Its prime location is less than a mile from I-55 and opposite Memphis International Airport. The surrounding area includes new national tenants like Starbucks, Guthrie's, AutoZone, and Foot Locker, further enhancing its appeal. The property includes four dock doors, a sprinkler system, and ample parking. Seller financing is available for qualified buyers. This is a unique chance to acquire a substantial retail space in a high-traffic area, with the potential for significant return on investment. The property's APN is 07906100187, and it is zoned for commercial use. The building was originally constructed in 1966. An existing IHOP franchisee plans a remodel and reopening in 2025. The seller is open to making improvements to suit the right buyer's needs.

    Property Features for 1300 Southland Mall

    General Information

    Property type
    Lifestyle centers
    Square Feet
    148,249 SF
    Class
    B
    Lot Size
    543,629 SF

    Building Details

    Year Built/Renovated
    1966/2024
    Buildings
    1
    Stories
    2

    HighLights

    • 147,900 SF former Macy's department store, priced below replacement cost at $7,400,000 ($50/SF).
    • Owner‑user or investment opportunity.
    • Strong national tenant mix (Starbucks, AutoZone, Foot Locker) in the immediate vicinity.
    • High traffic counts (E Shelby Dr: 21,241 VPD).
    • Ample parking and four rear dock doors.
    • 16+ ft ceilings and sprinkler system.
    Property Profile Location Intelligence

    Current Use by Public Records

    TOUCHTEL WIRELESS Store Ultimate Gear Sporting Goods Store Wireless Complete Cell Phone Store ATM Atm Shades & More Store

    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
    -90.019323968143
    Latitude
    35.019209927035

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    FAQs

    What type of property is this?
    Lifestyle center - 148,000 SF Former Macy's, Owner/User Opportunity
    Where is this lifestyle center located?
    The property is located at 1300 Southland Mall Memphis, TN.
    What are key features of this property?
    This property features: 147,900 SF former Macy's department store, priced below replacement cost at $7,400,000 ($50/SF).; Owner-user or investment opportunity.; Strong national tenant mix (Starbucks, AutoZone, Foot Locker) in the immediate vicinity.
    Request Owner's contact information
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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
    1300 Southland Mall Memphis, TN 38116
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