5376 Knight Arnold RdMemphis, TN 38115

Property Details for 5376 Knight Arnold Rd

Year built

1987

Lot size

1.12 AC

Property size (Sq ft)

12,042 SF

Zone code

R-6

Property type

Retail properties

Property subtype

Strip malls

APN

074-074- - -00034

APU

7407400034

Description

This exceptional Memphis commercial property, located at 5376 Knight Arnold Rd, offers 6,480 square feet of leasable space across three buildings on a 1.86-acre lot. Built in 1987, the single-story buildings feature a total of 60 parking spaces and are ideally suited for traditional office, executive office, medical office, storefront, or shopping center uses. Multiple tenancy options are available, with a minimum divisible space of 2,160 square feet and a maximum contiguous space of 6,480 square feet. The property boasts excellent visibility on Knight Arnold Road, benefiting from high daily traffic counts of 14,445 vehicles. Its strategic location near businesses such as Taco Bell and Planet Fitness ensures high foot traffic and a strong customer base. The R6 zoning allows for a variety of uses, and all utilities are readily available. This property presents a compelling investment opportunity in a thriving Memphis commercial area. The property's 11,040 square feet of vacant space provides ample room for expansion or multiple tenants. This is a rare opportunity to secure a well-located, versatile commercial space in a high-traffic area of Memphis, Tennessee.

• CAP approach

  CAP return

  Valuation

  6%

  $2,550,540

  6.5%

  $2,354,345

  7%

  $2,186,177

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,365,762

  Geo Method

  $2,365,762

• Alternative Use

  Use

  Valuation

  Residential

  $1,985,978

  Hospitality

  $1,819,145

  Educational

  $1,513,507

  Medical

  $1,565,559

  Retail

  $2,354,345

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0622

Longitude

-89.8837

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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