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Property profile & analytics
OFF-MARKET
Warehouses

1063 Parkway Memphis, TN 38104

3,774 SF 0.45 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Total area 3,774 SF
Lot 0.45 ac (19,602 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Coletta's Italian Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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