1300 Southland Mall Memphis, TN 38116
- Lifestyle centers
- 148,249 SF
- 12.48 lot acres
Current Use by Public Records
- TOUCHTEL WIRELESS / Store
- Ultimate Gear / Sporting Goods Store
- Wireless Complete / Cell Phone Store
- ATM / Atm
- Shades & More / Store
Property Details for 1300 Southland Mall
- Year built
- 1966
- Lot size
- 12.48 lot acres
- Property size
- 148,249 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
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
- -90.0193
- Latitude
- 35.0192
