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    1245 Germantown Pkwy Memphis, TN 38016

    Sponsored
    For Sale
    $375,000

    1.26-Acre Restaurant/QSR Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.26-acre outparcel in the thriving Germantown Square development in Cordova, Tennessee presents a unique investment opportunity. Located at 1245 N Germantown Pkwy, this lot boasts prime visibility and accessibility from Germantown Parkway and Cordova Road, benefiting from a high traffic count of 55,200 ADT on Germantown Road. Situated behind the new Top's BBQ, this is the last available outparcel in this sought-after location, ideal for quick-service restaurants or fast-food establishments. The property offers ample parking for customers and seven convenient access points, making it particularly suitable for businesses with drive-thru operations. The asking price is $375,000. This property is zoned for Office and Retail use, specifically catering to QSR/Fast Food and Restaurant subtypes. Its location within Germantown Square ensures high visibility and convenient access for customers, making it an attractive proposition for businesses seeking a strong foothold in a thriving commercial area. The abundance of parking and multiple access points further enhance its appeal. Don't miss this chance to secure the last remaining outparcel in this premier development.

    Property Features for 1245 Germantown Pkwy

    General Information

    Property type
    Restaurants

    HighLights

    • Last remaining outparcel in Germantown Square, Cordova, TN.
    • Prime location at 1245 N Germantown Pkwy, with high visibility and accessibility.
    • Ample parking and seven access points, ideal for drive‑thru businesses.
    • Attractively priced at $375,000.
    • High traffic count of 55,200 ADT on Germantown Rd.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Blue Room Restaurant Restaurant

    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
    -89.798349986944
    Latitude
    35.158581647289

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    FAQs

    What type of property is this?
    Restaurant - 1.26-Acre Restaurant/QSR Lot
    Where is this restaurant located?
    The property is located at 1245 Germantown Pkwy Memphis, TN.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Last remaining outparcel in Germantown Square, Cordova, TN.; Prime location at 1245 N Germantown Pkwy, with high visibility and accessibility.; Ample parking and seven access points, ideal for drive-thru businesses.
    Request Owner's contact information
    1245 Germantown Pkwy Memphis, TN 38016
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    Memphis, TN 38016
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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
    1245 Germantown Pkwy Memphis, TN 38016
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