3909 Elvis Presley Blvd Memphis, TN 38116
- Retail space
- 9,116 SF
- 0.79 lot acres
Current Use by Public Records
- Western Union / Money Transfer Service / Money Order Service
Property Details for 3909 Elvis Presley Blvd
- Year built
- 1979
- Lot size
- 0.79 lot acres
- Property size
- 9,116 SF
- Zone code
- CMU-3
- Property type
- Retail space
- APN
- 077-025- - -00006
- APU
- 7702500006
Description
This exceptional 9,053-square-foot freestanding retail building presents a unique investment opportunity in Memphis, Tennessee. Located at 3909 Elvis Presley Boulevard, directly across from Graceland, this property boasts incredible visibility and high traffic counts, averaging 32,744 vehicles per day. The building is currently vacant, offering a blank canvas for a wide range of retail uses. Its prime location provides easy access to Interstate 55 and Southaven, Mississippi, ensuring convenient access for customers and employees. The property features one dock door for efficient loading and unloading. To maximize brand awareness, a pylon sign is available for lease. This is an unparalleled chance to establish a business in a high-traffic area with significant tourist appeal, benefiting from the constant flow of visitors to Graceland. The building's size and location make it ideal for a variety of retail concepts, from restaurants and shops to entertainment venues. The address is 3909 Elvis Presley Boulevard, Memphis, TN 38116, with a cross street of Graceland. This property offers a rare combination of high visibility, convenient access, and a strong location, making it a compelling investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,080,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,075,000
- 6.5%
- $985,000
- 7%
- $940,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $930,000
- Geo Method
- $1,200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,110,000
- Retail
- $1,020,000
- Mixed-Use
- $1,210,000
- Hospitality
- $1,130,000
- Educational
- $1,265,000
- Residential Income
- $980,000
- Energy
- $1,105,000
- Income-Based Land
- $1,240,000
- Food Service
- $1,160,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0256
- Latitude
- 35.0422
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
