1300 Southland Mall Memphis, TN 38116

This exceptional 147,900-square-foot former Macy's department store in Memphis, Tennessee, presents a rare owner-user or investor opportunity. Located at 1300 Southland Mall, this two-story building (132,900 SF on the first floor with 20-foot ceilings and 15,000 SF on the second floor) boasts a recent 2024 renovation and is priced below replacement cost. The property sits on a 12.48-acre lot with 540+ feet of road frontage on E Shelby Drive, featuring a traffic light entry and strong traffic counts (21,241 VPD). Its prime location is less than a mile from I-55 and opposite Memphis International Airport. The surrounding area includes new national tenants like Starbucks, Guthrie's, AutoZone, and Foot Locker, further enhancing its appeal. The property includes four dock doors, a sprinkler system, and ample parking. Seller financing is available for qualified buyers. This is a unique chance to acquire a substantial retail space in a high-traffic area, with the potential for significant return on investment. The property's APN is 07906100187, and it is zoned for commercial use. The building was originally constructed in 1966. An existing IHOP franchisee plans a remodel and reopening in 2025. The seller is open to making improvements to suit the right buyer's needs.