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    1300 Shelby Dr Memphis, TN 38116

    Sponsored
    For Lease
    $3 SF/Yr

    148,000 SF Retail/Industrial Space

    Lot size:
    147,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 147,900-square-foot property, a former Macy's, offers a rare opportunity for lease in Memphis, Tennessee. Located at 1300 E Shelby Dr, this Class B building boasts a prime location, situated on a 12-acre lot with 300 feet of frontage on E Shelby Drive, a high-traffic area (21,241 VPD). Less than a mile from I-55 and Memphis International Airport, this strategically positioned space benefits from excellent visibility and accessibility. Recently renovated in 2024, the building features one two-story structure with a 16-foot ceiling height on the first floor (approximately 132,900 SF) and a 15,000 SF second floor. The property includes four loading docks with four dock-high doors, ample power, and a sprinkler system. Its zoning is commercial, and the APN is 07906100187. Built in 1966, this adaptable space is ideal for a variety of retail or industrial uses. The property's proximity to established businesses like Starbucks, Guthrie's, AutoZone, and Foot Locker, further enhances its appeal. The landlord is open to tenant improvements to customize the space to meet specific needs. This is a truly unique opportunity to secure a large, well-located space at a competitive rate.

    Property Features for 1300 Shelby Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    147,900 SF
    Class
    B
    Total Rate
    36975

    Building Details

    Year Built/Renovated
    1966/2024
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    148,249 SF
    Rate per SF
    $3

    HighLights

    • 147,900 SF of immediately available, rent‑ready space.
    • Strong national tenant mix including Starbucks, AutoZone, and a freestanding Foot Locker.
    • High traffic counts: 21,241 VPD on E Shelby Dr and 19,715 VPD on Elvis Presley Blvd.
    • Ample parking available.
    • Four (4) rear dock‑high doors.
    • 16+ ft ceiling height with building‑wide sprinkler system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Finish Line (located ... Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -90.019322758018
    Latitude
    35.019393230898

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    FAQs

    What type of property is this?
    Distribution property - 148,000 SF Retail/Industrial Space
    Where is this distribution property located?
    The property is located at 1300 Shelby Dr Memphis, TN.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: 147,900 SF of immediately available, rent-ready space.; Strong national tenant mix including Starbucks, AutoZone, and a freestanding Foot Locker.; High traffic counts: 21,241 VPD on E Shelby Dr and 19,715 VPD on Elvis Presley Blvd.
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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 Shelby Dr Memphis, TN 38116
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