5040 Sanderlin Ave, Memphis, TN 38117-4371
- Strip malls
- 19,582 SF
- 1.64 lot acres
Current Use by Public Records
- Scout antiques & interiors / (Bike/Boat/Book/etc) Store
- Wilkinson Bradley W DDS / Dental Office
- Germantown Cleaners / (Bike/Boat/Book/etc) Store
- L Ross Gallery / Art Gallery
- Carl E. Moore / Artist / Service Establishment
Property Details for 5040 Sanderlin Ave
- Year built
- 2001
- Lot size
- 1.64 lot acres
- Zone code
- R-10
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 056-032- - -00022
- APU
- 5603200022
Description
This exceptional commercial property, located at Sanderlin Place in the heart of East Memphis' thriving commercial corridor, offers 1,400 square feet of versatile space currently available for lease. The property is ideally suited for a variety of uses, including creative office space and medical office space, reflecting its classification as both. The building's prime location within a popular shopping center ensures excellent visibility and high foot traffic. Surrounding businesses include a diverse mix of well-established local and national retailers, enhancing the property's appeal and accessibility. Nearby establishments include SOB East, the Garden District, a Kroger grocery store, Folk's Folly, Lucchesi's restaurant, and numerous banking and medical facilities. This strategic location provides exceptional convenience and exposure for any business. The property is categorized as retail, office, and restaurant space, offering flexibility for potential tenants. The tenancy is multiple, suggesting the possibility of shared space or multiple units within the 1,400 square foot area. The property is situated in Shelby County, Tennessee, a key location for commercial activity in the Memphis area. This space presents a unique opportunity to establish a presence in a high-traffic, desirable East Memphis location. Interested parties should inquire for further details regarding lease terms and availability.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,052,000
- AI Estimate
- $1,162,000
Market price range: $625k - $2.60MMarket price range: $453k - $1.66M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,440,000 Current use
- MEDICAL BUILDING
- $2,800,000 Change: +95% Conversion: Difficult
- OFFICE BUILDING
- $2,645,000 Change: +84% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,900,000 Change: +32% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,740,000 Change: +21% Conversion: Difficult
- RETAIL STORES
- $1,625,000 Change: +13% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,185,000 Change: -18% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8943
- Latitude
- 35.1176
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
