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    2551 Mount Moriah Rd Memphis, TN 38115

    Sponsored
    For Lease
    $13 SF/Yr ($6,998 /Mo)

    6,103 SF Office/Retail Space - $1.3M

    Lot size:
    6,103 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,103-square-foot commercial property, located at 2551 Mt Moriah Rd in Memphis, Tennessee, presents a unique investment opportunity. Situated on a 1.11-acre lot, this single-story building boasts a versatile layout previously used as an auto dealership and restaurant. The property is classified as Class C and features a creative office subtype, ideal for adaptive reuse. Built in 1975 and renovated in 2009, the structure offers significant potential for various commercial ventures. The property is served by MLGW power and benefits from its convenient East Memphis location, with easy access via Mendenhall Road. The sale price is $1.3 million. The property is being offered "as is," and showings are available. The building's single-tenant occupancy provides flexibility for a variety of uses. The substantial lot size offers ample parking and potential for expansion or outdoor amenities. This property represents a compelling opportunity for investors seeking a well-located, adaptable commercial space in a thriving Memphis submarket. The zip code is 38115.

    Property Features for 2551 Mount Moriah Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,103 SF
    Class
    C
    Total Rate
    6998.11

    Building Details

    Year Built/Renovated
    1975/2009
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    6,103 SF
    Rate per SF
    $13

    HighLights

    • 6,103 SF single‑story building on a 1.11‑acre lot in Memphis, TN.
    • Previously used as an auto dealership and restaurant; adaptable for various uses.
    • Class C building with creative office subtype; built in 1975, renovated in 2009.
    • $1.3M asking price; "as‑is" condition; showings available.
    • Located at 2551 Mt Moriah Rd, Memphis, TN 38115, with easy access to Mendenhall Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    United Auto Sales Car Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -89.886399961418
    Latitude
    35.079405465831

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    FAQs

    What type of property is this?
    Restaurant - 6,103 SF Office/Retail Space - $1.3M
    Where is this restaurant located?
    The property is located at 2551 Mount Moriah Rd Memphis, TN.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 6,103 SF single-story building on a 1.11-acre lot in Memphis, TN.; Previously used as an auto dealership and restaurant; adaptable for various uses.; Class C building with creative office subtype; built in 1975, renovated in 2009.
    Request Owner's contact information
    2551 Mount Moriah Rd Memphis, TN 38115
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    Memphis, TN 38115
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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
    2551 Mount Moriah Rd Memphis, TN 38115
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