3544 Covington Pike Memphis, TN 38128
- Retail space
- 8,000 SF
- 0.88 lot acres
Current Use by Public Records
- Retail space
Property Details for 3544 Covington Pike
- Year built
- 2012
- Lot size
- 0.88 lot acres
- Property size
- 8,000 SF
- Zone code
- CMU-2
- Property type
- Retail space
- APN
- 087-011- - -00063
- APU
- 8701100063
Description
This 8,000-square-foot freestanding building, formerly a Family Dollar, presents a compelling investment opportunity in Memphis, Tennessee. Constructed in 2012, the property sits on a sizable 0.88-acre lot and offers significant potential for expansion, up to 9,000 square feet, with ample existing parking. The building features a pylon sign, three-phase electrical service, and energy-efficient LED lighting. With 30 parking spaces readily available, this property is well-suited for a variety of retail or commercial uses. Its strategic location, just 0.8 miles from Methodist North Hospital, makes it particularly attractive for medical-related businesses seeking a convenient and accessible location. The asking price is $799,000, translating to $99.88 per square foot. This single-story building offers a unique chance to acquire a well-maintained commercial space in a thriving area of Memphis. The property's features and location combine to create a strong investment opportunity for owner-users or those seeking retail repurposing. All information is deemed reliable but not guaranteed.
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
- -89.8936
- Latitude
- 35.2232
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
