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3171 N Thomas St 5,580 SF Retail Building Memphis, TN 38127 $180,000 ($32.26/SF)
Investment Highlights
- Surrounded by national retailers including AutoZone, Subway, Walgreens, McDonald’s, and Dollar Tree.
- Zoned CMU-1, allowing for various commercial uses.
- Excellent access and traffic exposure from multiple directions.
- High-visibility location with frontage on Thomas St and Marsh St.
Executive Summary
This property offers a ±0.46-acre parcel located at the signalized intersection of Thomas Street and Marsh Street in Memphis, TN. The site benefits from strong visibility and dual street frontage, making it highly accessible from multiple directions. Zoned CMU-1, the property supports a range of commercial uses, including small retail, quick-service restaurants (QSR), office, or owner-user development. Its location provides excellent traffic exposure and is surrounded by national retailers such as AutoZone, Subway, Walgreens, McDonald’s, and Dollar Tree, enhancing its appeal for businesses seeking a high-traffic corridor.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,580 SF
Building Class
C
Year Built
1967
Price
$180,000
Price Per SF
$32.26
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.48 AC
Zoning
CMU-1
Parking
20 Spaces (3.58 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 06-9031-0-0013 | Improvements Assessment | $32,920 |
| Land Assessment | $18,960 | Total Assessment | $51,880 |
Property Taxes
Parcel Number
06-9031-0-0013
Land Assessment
$18,960
Improvements Assessment
$32,920
Total Assessment
$51,880
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3171 N Thomas St
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