1300 Shelby Dr Memphis, TN 38116
- Hotels
- 148,249 SF
- 12.59 lot acres
Current Use by Public Records
- Finish Line (located inside Macy's) / Shoe Store / Running Store
Property Details for 1300 Shelby Dr
- Year built
- 1966
- Lot size
- 12.59 lot acres
- Property size
- 148,249 SF
- Zone code
- CMU-2
- Property type
- Hotels
- APN
- 079-061- - -00187
- APU
- 7906100187
Description
This exceptional 147,900-square-foot property, a former Macy's, offers a rare opportunity for lease in Memphis, Tennessee. Located at 1300 E Shelby Dr, this Class B building boasts a prime location, situated on a 12-acre lot with 300 feet of frontage on E Shelby Drive, a high-traffic area (21,241 VPD). Less than a mile from I-55 and Memphis International Airport, this strategically positioned space benefits from excellent visibility and accessibility. Recently renovated in 2024, the building features one two-story structure with a 16-foot ceiling height on the first floor (approximately 132,900 SF) and a 15,000 SF second floor. The property includes four loading docks with four dock-high doors, ample power, and a sprinkler system. Its zoning is commercial, and the APN is 07906100187. Built in 1966, this adaptable space is ideal for a variety of retail or industrial uses. The property's proximity to established businesses like Starbucks, Guthrie's, AutoZone, and Foot Locker, further enhances its appeal. The landlord is open to tenant improvements to customize the space to meet specific needs. This is a truly unique opportunity to secure a large, well-located space at a competitive rate.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $990,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,200,000
- 6.5%
- $1,200,000
- 7%
- $1,145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,210,000
- Geo Method
- $1,070,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,185,000
- Retail
- $1,175,000
- Mixed-Use
- $1,320,000
- Hospitality
- $1,105,000
- Educational
- $1,065,000
- Residential Income
- $1,350,000
- Energy
- $1,320,000
- Income-Based Land
- $1,285,000
- Food Service
- $1,280,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0195
- Latitude
- 35.0195
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
