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    2964 3Rd St Memphis, TN 38109

    Sponsored
    For Lease
    Contact for pricing

    15,000 SF Warehouse, 5.44 Acres

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15,000-square-foot warehouse, situated on a spacious 5.44-acre lot in Shelby County, presents a significant opportunity. The property boasts a single-tenant occupancy, offering immediate availability. Key features include three 14' x 14' drive-in doors, providing convenient access for loading and unloading. The warehouse benefits from a 21-foot clear ceiling height, energy-efficient LED lighting, and robust 3-phase power. Newly installed (2023) warehouse heaters ensure year-round comfort. An added 1,500 square feet of office space provides ample administrative area. The entire site is fully fenced and well-lit for enhanced security. Strategically located a half-mile from the I-55 interchange, this property offers excellent accessibility via S 3rd St and Gill Rd. This is an ideal location for businesses requiring substantial warehouse space and convenient access to major transportation routes. The property's size and features make it suitable for a variety of industrial uses. Contact for leasing details.

    Property Features for 2964 3Rd St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    15,000 SF

    HighLights

    • 15,000 SF warehouse/shop on a 5.44‑acre site.
    • 1,500 SF of office space included.
    • Fully fenced and lit 5.44‑acre lot.
    • Three 14' x 14' drive‑in doors.
    • 21' clear height, LED lighting, 3‑phase power, and new (2023) warehouse heaters.
    • Conveniently located 1/2 mile from I‑55 interchange, accessible from S 3rd St and Gill Rd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution Solutions Distribution Service

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -90.0578676
    Latitude
    35.0681369

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    FAQs

    What type of property is this?
    Distribution property - 15,000 SF Warehouse, 5.44 Acres
    Where is this distribution property located?
    The property is located at 2964 3Rd St Memphis, TN.
    What are key features of this property?
    This property features: 15,000 SF warehouse/shop on a 5.44-acre site.; 1,500 SF of office space included.; Fully fenced and lit 5.44-acre lot.
    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
    2964 3Rd St Memphis, TN 38109
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