4700 Knight Arnold Rd Memphis, TN 38118
- Banks
- 3,139 SF
- 0.35 lot acres
Current Use by Public Records
- ATM (Suntrust Bank) / Atm
Property Details for 4700 Knight Arnold Rd
- Year built
- 1971
- Lot size
- 0.35 lot acres
- Property size
- 3,139 SF
- Zone code
- CMU-2
- Property type
- Banks
- APN
- 073-080- - -00031-C
- APU
- 07308000031C
Description
This exceptional 3,139 square foot free-standing retail building presents a unique investment opportunity in a high-traffic area of Memphis, Tennessee. Located at 4700 Knight Arnold Road, Shelby County, this single-tenant property sits on a substantial 3.5-acre lot and benefits from excellent visibility and accessibility. The building's former use as a bank includes a convenient drive-thru, a feature highly desirable for various retail concepts. Its location at the corner of Knight Arnold Road and Perkins Road provides easy ingress and egress, capitalizing on the high volume of traffic—25,000 vehicles per day—at the nearby intersection. The property is situated in a thriving retail corridor anchored by a popular Super Lo grocery store and surrounded by other established businesses including Dollar General, Advance Auto Parts, AutoZone, Dollar Tree, Sav-a-Lot, and Family Dollar. This ensures high foot traffic and strong consumer presence. Importantly, this building qualifies as a red zone CRA branch, presenting additional investment incentives. The entire 3,139 square feet is currently vacant, offering a blank canvas for a new tenant to customize the space to their specific needs. This property is ideal for a variety of retail uses, including restaurants and other businesses seeking a high-visibility location in a densely populated area of Memphis. The ample land provides significant potential for future expansion or development.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $395,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $390,000
- Mixed-Use
- $405,000
- Hospitality
- $355,000
- Educational
- $365,000
- Residential Income
- $385,000
- Energy
- $345,000
- Income-Based Land
- $330,000
- Food Service
- $395,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9068
- Latitude
- 35.0627
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
