3545 Austin Peay Hwy, Memphis, TN 38128
For Sale
1 / 3
This exceptional commercial land opportunity presents two available outparcels in the thriving Marketplace at Raleigh. Situated across from the new $65 million Raleigh Civic Center and minutes from Methodist North Hospital, this location boasts unparalleled visibility and accessibility. The property offers 0.85 to 1.7 acres of land ideal for build-to-suit development, ground lease, or outright purchase. Benefit from the high traffic counts on nearby Austin Peay Highway (25,157 AADT) and Yale Road (17,416 AADT), ensuring significant exposure for your business. The area is already home to a robust retail landscape, including major players such as Walmart, Save-a-Lot, Dollar Tree, DD's Discounts, Citi Trends, Hibbett Sports, Aldi, Rainbow, Popeye's, and McDonald's, creating a synergistic environment. Furthermore, the proximity to the Nike North America Logistics Campus (2,600+ employees) and an Amazon Fulfillment Center (2,000+ employees) guarantees a substantial and consistent customer base. This is a prime opportunity to establish a presence in a rapidly growing area with exceptional demographics and high consumer traffic. The property is zoned for multiple tenants, offering flexibility for various retail concepts. Don't miss this chance to capitalize on this strategic location and thriving retail market.
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Starbucks Cafe & Coffee Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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-2 · 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.