Individually Owned Property summary
This exceptional investment opportunity encompasses two buildings totaling 6,900-12,000 square feet on a 37,462 sq ft lot at 3260 & 3262 Hickory Hill Rd, Memphis, TN 38115. Built in 1985 and renovated in 2022, this Class C property features a blend of creative and traditional office spaces, along with retail suites. Currently, the property includes a securely leased pet boarding and grooming service (2-year lease) and several occupied barber and tattoo artist suites, generating immediate cash flow. Nine retail spaces are available, offering significant potential for customization and rental income growth. A second-story apartment provides additional residential or rental income opportunities. The property is zoned CMU-1 (Commercial Mixed Use-1) and offers ample parking. The asking price is $425,000, with month-to-month lease options available. This versatile property is ideal for investors and owner-occupiers seeking strong returns in a high-traffic area. The property is for sale by owner.
Property profile
VerifiedCap rate & NOI
Current use
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Veterinary Clinic
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Vocational School Training Center
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
Similar Nearby for Lease
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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