5406 Knight Arnold Rd Memphis, TN 38115-2817
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.
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Cataract Surgery Center Medical Clinic Hospital
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Cataract Surgery Center: Crabb James L MD Physician
R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture. 2. Neighborhood gardens shall: a. be managed to prevent the harborage of rodents and pests; b. be maintained to prevent odors; and c. be managed to (to the extent that is possible), to prevent the runoff of top soil and composting materials from flowing ont…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
R-6 · Memphis, TNR-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture. 2. Neighborhood gardens shall: a. be managed to prevent the harborage of rodents and pests; b. be maintained to prevent odors; and c. be managed to (to the extent that is possible), to prevent the runoff of top soil and composting materials from flowing onto adjacent properties or into natural or human made storm channels. 3. If security fencing is provided within the required front yard, such fencing shall not include bare chain link or sight - proof w ood fencing. Ornamental, wrought iron or decorative wood f encing are preferred materials. Vinyl-coated chain link fencing and a row of evergreen shrubs may be considered an acceptable alternative subject to the discretion of the Zoning Administrator. 4. If lighting is provided , only security lighting that is shielded to direct the light onto the subject property shall be permitted. 5. The following accessory structures and uses are permitted on neighborhood garden sites: a. Greenhouses; b. Pole barns; c. Aquaria and other related hydroponic infrastructure; d. Sheds; e. And other similar structures incidental to the operation of a neighborhood garden. 6. Greenhouses and pole b arns shall meet the same setback requirements and height restrictions as any principal use in the zoning district. These structures are subject to review under Administrative Site Plan Review process. 7. Where an accessory structure such as a tool shed is the only building on the lot, said accessory structure shall not be located any closer to the front of the lot than the rear building elevation of abutting structures, and no less than 5 feet from any side or rear property line. Said structure shall not exceed 25 feet in height. 8. Lots and tracts used for neighborhood gardens with no structures that require a building permit are exempt from the minimum lot requirements of Article 3. F. Apiaries (Beekeeping) 2.6 Use Standards Article 2 Districts and Uses 2.6.5 Open Use Standards Memphis/Shelby County Unified Development Code 53 ZTA 24-2 1. All colonies shall be duly registered with the Tennessee Department of Agriculture as required by Tennessee Code Title 44, Chapter 15, (T.C.A. 44 -15-101, et. seq.) the Tennessee Apiary Act of 1995, and shall adhere to all standards set forth in that Act. 2. Hives shall be placed no closer than 15 feet to any property line, measured from the nearest point on the hive to the property line. 3. The following standards apply as to the hive density and the number of permissible hives: a.
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.