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3500 Ramill Rd
Memphis, TN 38128
Former Drugstore For Sale/Lease · Retail Property For Sale
Investment Highlights
- 11,122 SF Free-Standing Retail Building On 1.84 Acres Offering Significant Flexibility For Multi-Tenant Conversion, Owner-User Repositioning
- Drive-Thru Equipped Asset — A Rare Feature In The Submarket That Materially Expands Tenant Demand (QSR, Medical, Financial, Specialty Retail)
- Dense 5-Mile Population Of 163,000+ Residents With Strong Workforce Demographics And Consistent Neighborhood Retail Demand
- Signalized Hard-Corner Location With High Volume Traffic Counts Boasting 46,253+ VPD Providing Strong Frontage And Accessibility Along A Primary North
- Strategic Proximity To Major Employment Drivers Including Nike’s 2.8M SF North American Logistics Center And Amazon’s 855,000 SF Fulfillment Facility
- Below Replacement Cost Basis Opportunity Allowing Investors To Acquire Well-Located Real Estate At A Discount To New Construction Costs
Executive Summary
11,122 SF Free-Standing Retail Building On 1.84 Acres Offering Significant Flexibility For Multi-Tenant Conversion, Owner-User Repositioning, Or Single-Tenant Backfill
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,182 SF
Building Class
B
Year Built
1998
Price
$900,000
Price Per SF
$80.49
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.84 AC
Zoning
CL - Commercial
Parking
80 Spaces (7.15 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 08-6036-0-0033 | Improvements Assessment | $480,080 |
| Land Assessment | $115,800 | Total Assessment | $595,880 |
Property Taxes
Parcel Number
08-6036-0-0033
Land Assessment
$115,800
Improvements Assessment
$480,080
Total Assessment
$595,880
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