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    5406 Knight Arnold Rd Memphis, TN 38115-2817
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    Property profile & analytics

    5406 Knight Arnold Rd, Memphis, TN 38115-2817

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    • Medical Office Space
    • 6,609 SF
    • 0.71 lot acres
    Off-Market
    Last Sale Apr 29, 2025
    $300,000
    Property ID
    US80-0835076
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cataract Surgery Center / Medical Clinic / Hospital
    • Cataract Surgery Center: Crabb James L MD / Physician

    Property Details for 5406 Knight Arnold Rd

    Year built
    1988
    Lot size
    0.71 lot acres
    Zone code
    R-6
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    074-074- - -00035
    APU
    7407400035

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 29, 2025 $300,000 Lois Harris Knight Arnold Realty Jjg LLC Special Warranty Deed —
    Jul 2, 2024 — Knight Arnold Realty Jjg Llcm Knight Arnold Partnership Quit Claim Deed · related —
    Jul 2, 2024 $700,000 Knght Arnold Realty Jjg LLC Knight Arnold Partnership Special Warranty Deed —
    — — Knight Arnold Partnership — Deed Of Trust · related $455k · Bank Of America

    Description

    Colony Square, located at 5406 Knight Arnold Rd in Memphis, Tennessee (zip code 38115), presents a prime retail and medical investment opportunity. This 0.706-acre property encompasses a 12,042 square foot retail center featuring multiple tenancy options. Currently, there are 8,640 square feet of vacant space available, offering flexibility for various business needs. Individual spaces range from a minimum of 2,160 square feet to a maximum contiguous space of 6,480 square feet. The property's location in Shelby County ensures high visibility and accessibility for potential tenants. A significant portion of the property, a 6,480 square foot freestanding building, is available for sale or lease, making it ideal for medical practices or other businesses requiring larger spaces. This versatile property is well-suited for a variety of commercial uses, offering a compelling opportunity for investors and businesses seeking a prominent location in a thriving Memphis market. The property's size and layout provide ample space for expansion or adaptation to suit specific business requirements. Interested parties are encouraged to explore the potential of this exceptional commercial property.


    Value Estimations

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    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8831
    Latitude
    35.0623
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,091
    $53,560
    $13,600
    $67,160
    -
    $133,900
    $34,000
    $167,900
    More about this property
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