1715 Holmes Rd Memphis, TN 38116
- Strip malls
- 11,380 SF
- 0.87 lot acres
Current Use by Public Records
- Strip malls
Property Details for 1715 Holmes Rd
- Year built
- 1972
- Lot size
- 0.87 lot acres
- Property size
- 11,380 SF
- Zone code
- CMU-1
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 079-137- - -00084
- APU
- 7913700084
Description
This exceptional 1,800-square-foot endcap suite, located at 1715 E Holmes Rd in Memphis, TN 38116, presents a fantastic opportunity for a variety of businesses. Situated in a thriving retail center, this property boasts high visibility and convenient access. The space is ideal for a traditional office setting or retail use, offering flexibility for diverse business needs. The suite includes two single bathrooms and a brand-new water heater, ensuring comfort and convenience. Ample parking is available with 50 surface parking spaces for customers and employees. The location is particularly advantageous, being adjacent to a school and apartment complexes, guaranteeing a steady flow of potential customers. The layout is well-suited for subletting, making it an attractive option for co-working spaces or businesses seeking to expand their operations. This endcap location offers unparalleled visibility and accessibility, making it an excellent choice for businesses seeking a prime location in a busy retail area. The property is currently vacant and ready for immediate occupancy. This is a rare opportunity to secure a desirable space in a high-traffic area of Memphis. Consider this space for an insurance agency, notary, tax services, boutique, or any business owner looking to transition from a home office.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $545,000
- 6.5%
- $505,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $495,000
- Geo Method
- $555,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $550,000
- Retail
- $445,000
- Mixed-Use
- $555,000
- Hospitality
- $575,000
- Educational
- $515,000
- Residential Income
- $585,000
- Energy
- $575,000
- Income-Based Land
- $435,000
- Food Service
- $545,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0068
- Latitude
- 35.006
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA