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Two Bay Strip Center Available 3193 S Mendenhall Rd 6,082 SF Retail Building Memphis, TN 38115 $450,000 ($73.99/SF)
Executive Summary
$450,000 Approx. 6,082 SF on S Mendenhall Rd, Memphis, TN, 38115
Flexible Retail Space Ideal for Owner-Users
Positioned in a well-traficked corridor of Southeast Memphis, this property presents a compelling opportunity for a business owner looking to establish or expand their presence in a proven retail location. The surrounding area offers a strong customer base and consistent activity, making it well-suited for a variety of commercial uses. The convenience store space will be delivered vacant, while the adjacent hookah shop will remain in place.
Investment highlights
Owner-user opportunity with soon to be vacant space ready for occupancy
Dual-space layout allows for business operation plus additional income potential
Positioned in a high-traffic corridor with strong visibility and accessibility
Minimal buildout required for many retail or service users
Surrounded by dense residential base driving consistent consumer traffic
Value-add potential through lease-up or business repositioning
Flexible Retail Space Ideal for Owner-Users
Positioned in a well-traficked corridor of Southeast Memphis, this property presents a compelling opportunity for a business owner looking to establish or expand their presence in a proven retail location. The surrounding area offers a strong customer base and consistent activity, making it well-suited for a variety of commercial uses. The convenience store space will be delivered vacant, while the adjacent hookah shop will remain in place.
Investment highlights
Owner-user opportunity with soon to be vacant space ready for occupancy
Dual-space layout allows for business operation plus additional income potential
Positioned in a high-traffic corridor with strong visibility and accessibility
Minimal buildout required for many retail or service users
Surrounded by dense residential base driving consistent consumer traffic
Value-add potential through lease-up or business repositioning
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
6,082 SF
Building Class
C
Year Built
1971
Price
$450,000
Price Per SF
$73.99
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.37 AC
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-4037-D0-0002C | Improvements Assessment | $60,160 |
| Land Assessment | $29,680 | Total Assessment | $89,840 |
Property Taxes
Parcel Number
07-4037-D0-0002C
Land Assessment
$29,680
Improvements Assessment
$60,160
Total Assessment
$89,840
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Two Bay Strip Center Available | 3193 S Mendenhall Rd