1063 Parkway Memphis, TN 38104
This exceptional Memphis property, located at 1063 E Parkway S, offers a versatile 3,774 square foot space ideal for a variety of uses. The property is zoned CL and sits on a 0.45-acre lot, providing ample room for expansion or outdoor operations. The building's industrial nature is complemented by its classification as both residential and traditional office space, offering significant flexibility for potential buyers. The price per square foot is $105.72, representing a strong value in the current market. Situated in Shelby County, Tennessee, with a Memphis zip code of 38104, this location benefits from excellent access to major transportation routes and a thriving local economy. The property's diverse zoning and substantial square footage make it an attractive opportunity for investors seeking a high-return asset with significant potential for future development or adaptation to various business needs. This is a rare chance to acquire a well-positioned industrial property in a desirable Memphis location. The property's versatility, combined with its size and location, makes it a compelling investment opportunity. Serious inquiries are encouraged to explore the full potential of this unique offering.
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Coletta's Italian Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.