6740 Winchester Rd Memphis, TN 38115
- Strip malls
- 23,655 SF
- 19.68 lot acres
Current Use by Public Records
- Subway / Restaurant / Sandwich Shop
Property Details for 6740 Winchester Rd
- Year built
- 1987
- Lot size
- 19.68 lot acres
- Property size
- 23,655 SF
- Zone code
- CA
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 093-500- - -00289-C
- APU
- 09350000289C
Description
Winchester Court Shopping Center, a Class A retail property in Memphis, Tennessee, presents a significant leasing opportunity. This established center, located at 6740 Winchester Rd, zip code 38115, boasts a total of 259,380 square feet across six single-story buildings situated on 21.6 acres of land. The property features ample parking with 2045 spaces available for customers and tenants. Currently, there is 23,904 square feet of vacant space available for lease, previously occupied as a movie theater. This presents a unique opportunity for a variety of retail uses. The property is zoned CA and has a Shelby County APN of 09-3500-0-0289C. Built in 1986, the center benefits from its established location and high visibility. The substantial size of the vacant space allows for significant flexibility in tenant configuration and potential for a large-scale retail operation. Interested parties should note the significant square footage available and the prime location within a well-established shopping center. The property offers a strong foundation for a successful retail venture. Further details regarding lease terms and conditions are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,305,000
- 6.5%
- $7,650,000
- 7%
- $8,080,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,645,000
- Geo Method
- $7,175,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,605,000
- Retail
- $6,640,000
- Mixed-Use
- $7,500,000
- Hospitality
- $8,785,000
- Educational
- $7,200,000
- Residential Income
- $7,700,000
- Energy
- $6,660,000
- Income-Based Land
- $7,945,000
- Food Service
- $8,105,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8413
- Latitude
- 35.0507
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
