6672 Shelby Dr Memphis, TN 38141
- Retail space
- 15,048 SF
- 2.39 lot acres
Current Use by Public Records
- Draco R. Hayse, Pharm / Pharmacy
- COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
- Redbox / Video Game Rental Kiosk / Video Game Rental Service
- Western Union / Money Transfer Service
- James Martin / Pharmacy
Property Details for 6672 Shelby Dr
- Year built
- 2002
- Lot size
- 2.39 lot acres
- Property size
- 15,048 SF
- Zone code
- CA
- Property type
- Retail space
- APN
- 093-700- - -00572
- APU
- 9370000572
Description
This exceptional 13,650-square-foot freestanding retail building presents a compelling investment opportunity. Situated on a generous 2.4-acre lot in Shelby County, this single-tenant property boasts excellent visibility and accessibility, making it ideal for a variety of retail or medical uses. Constructed in 2002, the building is well-maintained and features a single story design. Ample parking is available for customers and employees. The property's zoning is Conservation/Agriculture, offering potential flexibility for future development. The building's strong access points and prominent location ensure high traffic volume and excellent exposure. This property is identified by APN 093700 00572. The substantial lot size provides ample room for expansion or future development, while the existing building offers immediate occupancy. Its single-tenant configuration simplifies management and provides a stable income stream. This is a rare opportunity to acquire a well-located, high-visibility retail property in a desirable area. The property's condition and location combine to create a strong value proposition for discerning investors seeking a stable and potentially appreciating asset. Serious inquiries are encouraged.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,500,000
- 6.5%
- $2,310,000
- 7%
- $2,145,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,138,000
- AI Estimate
- $1,972,000
Market price range: $556k - $2.14MMarket price range: $528k - $1.97M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $2,150,000
- OFFICE BUILDING
- $1,795,000
- AUTO REPAIR, GARAGE
- $1,460,000
- APARTMENT HOUSE (5+ UNITS)
- $1,340,000
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8406
- Latitude
- 35.021
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA