5145 Quince RdMemphis, TN 38117

Property Details for 5145 Quince Rd

Year built

1964

Lot size

0.16 AC

Property size (Sq ft)

1,400 SF

Zone code

CMU-1

Property type

Retail properties

Property subtype

Drive through restaurants

APN

067-042- - -00031

APU

6704200031

Description

This exceptional retail opportunity is located at 5145 Quince Rd, Memphis, Tennessee, 38117, in Shelby County. The property, known as Quince & White Station, offers multiple tenancy options, ideal for restaurants or similar businesses. Three spaces are currently available, ranging in size from a generous 2,253 square feet to a substantial 5,868 square feet, providing flexibility for various business needs and expansion plans. The location boasts easy access and abundant parking, a significant advantage for customers and employees alike. The high-traffic area ensures excellent visibility and accessibility, with a substantial customer base within easy reach. Market analysis indicates a population exceeding 100,000 people within a 3-mile radius, presenting a significant potential customer pool for any business operating from this location. This property represents a compelling investment opportunity in a thriving Memphis commercial district. The property type is retail, specifically suited for restaurant use, offering a unique chance to establish or expand a successful business in a prime location with strong demographics and convenient amenities. The multiple tenancy option allows for flexibility in lease terms and space requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $296,525

  6.5%

  $273,716

  7%

  $254,164

• Comparable approach

  Method

  Valuation

  Relative Method

  $275,043

  Geo Method

  $275,043

• Alternative Use

  Use

  Valuation

  Residential

  $230,889

  Hospitality

  $211,493

  Educational

  $175,960

  Medical

  $182,012

  Retail

  $273,716

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0888

Longitude

-89.8905

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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