2645 Mount Moriah RdMemphis, TN 38115
- Retail properties
- 17,064 SF
Property Details for 2645 Mount Moriah Rd
- Year built
- 1988
- Lot size
- 2.14 AC
- Property size (Sq ft)
- 17,064 SF
- Zone code
- CMU-3
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 074-089- -E-00028
- APU
- 074089E00028
Description
This exceptional freestanding retail building, located at 2645 Mt. Moriah Rd in Memphis, Tennessee, presents a unique investment opportunity. Boasting 17,000 square feet of space on a 2.14-acre lot, this property offers significant potential for a variety of retail uses. The building features an industrial-style design with an iron beam ceiling and a roof in excellent condition. Security is enhanced by an electric security fence encompassing the entire perimeter. Access is convenient via a sectional steel overhead door. The interior includes multiple private offices, ideal for management or specialized retail functions. Ample parking is provided with 60 surface spaces. The property enjoys high visibility with 274 feet of frontage on Mt. Moriah Road, a location experiencing daily vehicle counts exceeding 33,167. The asking price for this prime retail property is $1,400,000. The property's size, location, and features make it an attractive investment for discerning buyers seeking a high-impact retail presence in a busy Memphis commercial corridor. The zip code is 38115, and the property is situated in Shelby County.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,614,218
- 6.5%
- $3,336,202
- 7%
- $3,097,902
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,352,380
- Geo Method
- $3,352,380
-
Alternative Use
- Use
- Valuation
- Residential
- $2,814,211
- Hospitality
- $2,577,802
- Educational
- $2,144,701
- Medical
- $2,218,460
- Retail
- $3,336,202
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.0766
- Longitude
- -89.8827
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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