4636 Faronia Rd Memphis, TN 38116
- Lifestyle centers
- 2.05 lot acres
Current Use by Public Records
- The spot / Clothing Store
Property Details for 4636 Faronia Rd
- Lot size
- 2.05 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This Memphis, TN shopping center presents a compelling value-add investment opportunity. Located at the high-traffic intersection of Shelby Drive and Faronia Road (zip code 38116), this property comprises two parcels totaling 2.05 acres. The property features four commercial buildings; two on Parcel A (1.06 acres, 9,865 sq ft) and two on Parcel B (0.99 acres, 4,440 sq ft). Currently boasting 85% occupancy and a net operating income (NOI) of $109,000, this property offers strong holding income potential. Clean Phase I and II environmental reports are available. The property's prime location, near established businesses like Starbucks and AutoZone, presents significant upside potential for an investor. The site also offers potential for redevelopment, including a prime gas station development. The asking price is $2,000,000. This is an exceptional opportunity to acquire a well-positioned retail center in a thriving Memphis market. All information is from sources deemed reliable, but no warranty is made to its accuracy.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0198
- Latitude
- 35.0213
