1344 Shelby Dr Memphis, TN 38116-7126
- Retail space
- 1,947 SF
- 0.99 lot acres
Current Use by Public Records
- Michael Mccarty / Optometrist
- Eye Catchers Beauty and Barber / Barber Shop
Property Details for 1344 Shelby Dr
- Year built
- 1969
- Lot size
- 0.99 lot acres
- Property size
- 1,947 SF
- Zone code
- CMU-1
- Property type
- Retail space
- APN
- 079-050- - -00051-C
- APU
- 07905000051C
Description
This exceptional 1,530-square-foot freestanding retail building is ideally situated at 1344 E. Shelby Dr in Memphis, Tennessee, within the rapidly growing Whitehaven area. The property boasts a single-tenant occupancy and is perfect for a variety of retail uses. Its previous occupants included a hair salon and an optometrist, demonstrating its versatility. The building benefits from ample shared parking, accommodating a significant number of customers and employees. This location offers excellent visibility and accessibility, with nearby established businesses such as AutoZone, Starbucks, and Guthries. The surrounding area is experiencing significant development, including two nearly fully leased storage facilities totaling 200,000 square feet, indicating a strong and expanding market. Located in Shelby County, Tennessee, with a 38116 zip code, this property presents a unique opportunity for retail businesses seeking a high-traffic location in a thriving community. The building's 1,530 square feet provides a comfortable space for a variety of retail concepts, while the shared parking ensures convenient access for customers. This is a remarkable chance to establish a presence in a dynamic and growing area of Memphis.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $215,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $380,000
- 6.5%
- $350,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $151,000
- AI Estimate
- $217,000
Market price range: $57.6k - $151kMarket price range: $68.4k - $217k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $280,000
- OFFICE BUILDING
- $230,000
- AUTO REPAIR, GARAGE
- $220,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0194
- Latitude
- 35.0214
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA