2281 Germantown Pkwy Memphis, TN 38016

This 60,833-square-foot vacant storefront in Memphis, Tennessee, presents a compelling redevelopment opportunity. Located at 2281 N Germantown Pkwy in the Countrywood Crossing Center, this fee-simple property (land and building) offers significant upside potential. The property boasts a prime location at a signalized intersection with high visibility and traffic counts (73,400 VPD on N. Germantown Pkwy and 125,500 VPD on I-40, half a mile away). It benefits from its proximity to major retailers including Kohl's, Ashley Furniture, Dick's Sporting Goods, Ross Dress for Less, IKEA, Costco, and the Market Place Galleria, creating a strong retail environment. The property's 2007 construction and Planned Development (PD) zoning provide flexibility for future development. The asking price is $7,300,000, translating to $120 per square foot. The 5-mile trade area boasts a population exceeding 169,000 with an average household income of $97,500, indicating strong consumer spending power. This vacant big box presents a unique chance to capitalize on a high-traffic location within a thriving retail corridor. The current market rent minimizes risk before securing a new, long-term tenant at market rate.