5465 Fox Plaza Dr Memphis, TN 38115
- Turn key restaurants
- 6,624 SF
- 1.28 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 5465 Fox Plaza Dr
- Year built
- 1974
- Construction
- FRAME
- Lot size
- 1.28 lot acres
- Property size
- 6,624 SF
- Zone code
- CMU-1
- Property type
- Turn key restaurants
- APN
- 074-089- -E-00017
- APU
- 074089E00017
Description
This exceptional 6,624-square-foot retail or restaurant space is ideally situated at 5465 Fox Plaza Drive in Memphis, Tennessee, within Shelby County. The property boasts a single-tenant occupancy and sits on a generous 1.13-acre lot, providing ample parking for customers and employees. Built in 1974, the building is classified as Class C and is currently entirely vacant, presenting a unique opportunity for a new business to establish itself in a well-located area. The space is described as second-generation restaurant space, suggesting existing infrastructure suitable for a food service establishment. The property's address is 5465 Fox Plaza Dr, Memphis, TN 38115. Its convenient location offers excellent visibility and accessibility, making it an attractive proposition for a variety of businesses. The substantial square footage allows for a large-scale operation or the potential for subdivision into smaller units (subject to local regulations and approvals). With ample parking available, customer convenience is ensured. This property represents a significant opportunity for a business seeking a substantial space in a desirable Memphis location. The property's size and location make it suitable for a wide range of retail or restaurant concepts. Interested parties should conduct their own due diligence to verify all aspects of the property and its suitability for their intended use.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $155,000
- 6.5%
- $175,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $165,000
- Geo Method
- $200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $165,000
- Mixed-Use
- $160,000
- Hospitality
- $195,000
- Educational
- $205,000
- Residential Income
- $170,000
- Energy
- $175,000
- Income-Based Land
- $150,000
- Food Service
- $160,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8816
- Latitude
- 35.074
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
