8385 Us Highway 64 Memphis, TN 38133
- Strip malls
- 34,600 SF
- 3.12 lot acres
Current Use by Public Records
- Strip malls
Property Details for 8385 Us Highway 64
- Year built
- 2002
- Lot size
- 3.12 lot acres
- Property size
- 34,600 SF
- Zone code
- CMU-3
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 092-007- - -00073
- APU
- 9200700073
Description
This exceptional retail property, Shoppes of Wolfchase, offers a prime location in the heart of Memphis' thriving Wolfchase area. Situated at 8385 US Highway 64, this center boasts a total of 34,395 square feet of retail and restaurant space, strategically positioned near the intersection of Germantown Parkway and Interstate 40, ensuring high visibility and accessibility. Currently, there are two available spaces, ideal for a variety of businesses. One space measures 2,080 square feet, while the other offers 2,804 square feet of versatile space. The property is categorized as multi-tenant, with existing tenants including Buffalo Wild Wings and Mcalister's Deli, establishing a strong foundation of established businesses. The building's location in Shelby County, Tennessee, provides access to a robust consumer base and excellent transportation links. This presents a unique opportunity for businesses seeking high-traffic exposure and a well-established commercial environment. The available spaces provide flexibility for various retail or restaurant concepts, making this an attractive investment prospect for those seeking a strong presence in a high-growth area of Memphis. The property's prime location and existing tenant mix create a synergistic environment, promising significant potential for success. Contact us today to learn more about this exceptional opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,125,000
- 6.5%
- $7,195,000
- 7%
- $6,635,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,210,000
- Geo Method
- $6,735,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,025,000
- Retail
- $6,310,000
- Mixed-Use
- $7,240,000
- Hospitality
- $7,355,000
- Educational
- $7,110,000
- Residential Income
- $7,815,000
- Energy
- $6,395,000
- Income-Based Land
- $7,895,000
- Food Service
- $7,080,000
Location Insight
- Map
- Local Demand
- City
- Bartlett
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.7837
- Latitude
- 35.2033
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
