Individually Owned 
For Sale
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Property summary
This freestanding convenience store building, located at 2360 Airways Blvd in Memphis, Tennessee, presents a compelling investment opportunity. The 9,369 square foot building, constructed in 2012, features durable cinder block construction, a metal roof, and energy-efficient LED lighting. The property sits on a 1.26-acre lot and boasts 35 parking spaces, including two ADA-compliant spots. With 209.38 feet of frontage on Airways Boulevard, a major thoroughfare with a daily traffic count of 20,253 vehicles, the building enjoys excellent visibility and accessibility. The CMU-1 zoning allows for a variety of uses. The building also benefits from 3-phase electrical service and the potential for expansion using existing parking space. Its proximity to I-240 Highway further enhances its strategic location. The asking price is $799,000, translating to $85.28 per square foot. Monument pylon signage is available. This property is ideal for an owner-user seeking a well-maintained, high-traffic location in a thriving Memphis market.
Property profile
VerifiedCap rate & NOI
Current use
-
Discount Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CMU-1 · Memphis, TNPRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CMU-1 in Memphis, TN.
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