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Former IHOP 1277 E Shelby Dr 4,022 SF Retail Building Memphis, TN 38116 $1,200,000 ($298.36/SF)
Investment Highlights
- 4,022 Square Feet of Functional Retail Space With Excellent Visibility and Multiple Points of Access
- Notable Corporate Neighbors Include: Foot Locker, AutoZone, Public Storage, Starbucks, Walgreens, Kroger, Popeye's, and O'Reilly Auto Parts
- The Immediate Area Features over 200,000 Square Feet of New Retail and Self Storage Development Over the Past 3 Years
- Situated in a Busy Retail Corridor, Traffic Counts Exceed 25,000 Vehicles Per Day on Shelby Drive, 32,000+ Vehicles Per Day on Route 51
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,022 SF
Building Class
B
Year Built
2002
Price
$1,200,000
Price Per SF
$298.36
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.02 AC
Zoning
CMU-2 - CMU-2 (Commercial Mixed-Use - 2) is a medium-intensity zoning district designed to support a blend of auto-urban
retail, services and offices.
Parking
79 Spaces (19.64 Spaces per 1,000 SF Leased)
Frontage
323’ on Shelby Dr
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-9061-0-0202 | Improvements Assessment | $7,200 |
| Land Assessment | $211,640 | Total Assessment | $218,840 |
Property Taxes
Parcel Number
07-9061-0-0202
Land Assessment
$211,640
Improvements Assessment
$7,200
Total Assessment
$218,840
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