3700 Hickory Hl Rd Memphis, TN 38115-5003
- Outlet malls
- 101,352 SF
- 9.87 lot acres
Current Use by Public Records
- Big Daddy's Pawn / Jewelry Buyer / Tool Store
- Gullys Grill Jamaican food spot 🇯🇲***** Find us on Doordash & Uber-eats / Jamaican Restaurant
Property Details for 3700 Hickory Hl Rd
- Year built
- 1981
- Lot size
- 9.87 lot acres
- Property size
- 101,352 SF
- Zone code
- CMU-2
- Property type
- Outlet malls
- APN
- 093-400- - -00267-C
- APU
- 09340000267C
Description
This exceptional 101,242-square-foot vacant retail shopping center presents a compelling investment opportunity in Memphis, Tennessee. Located at 3700 Hickory Hill Rd, this property sits on a substantial 9.87-acre lot, offering significant development potential. Its prime location at the intersection of Winchester Rd and Hickory Hill Rd ensures high visibility, with over 30,000 vehicles passing daily. The property benefits from its proximity to major national retailers such as Hickory Ridge Mall, McDonald's, and AutoZone, and is surrounded by a densely populated area boasting over 190,000 residents within a 5-mile radius. Built in 1981, this property is currently vacant, presenting a blank canvas for redevelopment or repositioning. The asking price is $3,800,000, translating to a competitive price per square foot of $37.53. Recent upgrades include a new roof. This expansive property offers a unique value-add opportunity for investors seeking to capitalize on the thriving Memphis retail market. The property's size and location make it ideal for a wide range of retail uses, promising significant returns on investment. The high traffic count and established retail presence in the immediate vicinity further enhance its appeal. This is a rare opportunity to acquire a large-scale retail property in a high-growth area of Memphis.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,180,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,370,000
- 6.5%
- $1,435,000
- 7%
- $1,555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,575,000
- Geo Method
- $1,700,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,520,000
- Retail
- $1,400,000
- Mixed-Use
- $1,675,000
- Hospitality
- $1,340,000
- Educational
- $1,225,000
- Residential Income
- $1,300,000
- Energy
- $1,385,000
- Income-Based Land
- $1,210,000
- Food Service
- $1,615,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8653
- Latitude
- 35.0472
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
