2723 Mendenhall Rd Memphis, TN 38115-1505
This exceptional 2,462 square foot flex space, situated on a one-acre lot at 2723 S Mendenhall Rd in Memphis, Tennessee (zip code 38115), presents a compelling investment opportunity. Previously utilized as a car lot, the property's zoning permits a wide range of commercial ventures. The building boasts multiple private offices, making it suitable for businesses requiring both open and private work areas. Its prime location at a hard-lighted corner, fronting both Mendenhall Road and Fox Plaza Drive, ensures high visibility and accessibility. Ample parking is available, with over 150 spaces accommodating customers, employees, and inventory. Security features include a guard rail and chain link fence, providing peace of mind. The property also benefits from prominent monument signage, enhancing its marketing potential. The asking price for this freestanding building is $595,000. This versatile property is well-suited for a variety of uses, including but not limited to quick-service restaurants (QSRs), auto detail shops, and car rental agencies. Don't miss this chance to acquire a highly visible and functional commercial space in a thriving Memphis location.
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Waller South Auto Car Dealership
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CMU-3 · Memphis, TNMemphis. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.