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Former Dollar General | Starting Bid: $20,000 5226 S 3rd St 9,016 SF Retail Building Memphis, TN 38109 For Sale


INVESTMENT HIGHLIGHTS
- Freestanding retail building with 30 dedicated parking spaces
- CMU-3 zoning and clean Phase I allow flexible retail or service uses
- Six miles from Graceland, a global tourist destination
- Prominent frontage along S Third Street with ±12,820 VPD traffic exposure
- Located near major retailers and Southland Mall, five miles away
EXECUTIVE SUMMARY
OVERVIEW
- This freestanding, 9,016 SF retail building—formerly Dollar General—is located at 5226 S Third St in Memphis, TN (Shelby County) on a 1.265-acre parcel.
- Delivered vacant at sale, the property offers investors or owner-users immediate flexibility for re-tenanting, adaptive reuse, or redevelopment.
- CMU-3 zoning, a clean Phase I, and 30 on-site parking spaces support a wide range of neighborhood-serving retail or service uses.
- With prominent frontage along S Third St and exposure to ±12,820 vehicles per day, the site benefits from strong visibility and convenient access.
INVESTMENT HIGHLIGHTS
- 9,016 square foot former Dollar General with 30 parking spaces located on 1.26 Acres
- The subject property has excellent visibility from the intersection of Highway 61 (12,820 VPD) & W Holmes Rd (3,138 VPD)
- Positioned 5 miles from a retail corridor with national retailers including Walmart, Kroger, ALDI, and Southland Mall.
- 6 Miles from Graceland, the former home of Elvis Presley, which attracts over 600,000 visitors annually.
MEMPHIS | 2ND MOST POPULOUS CITY IN TN
- Memphis is the second most populous city in the State of TN with a population of 650,618 and an MSA population of 1,348,260.
- The largest employer in Memphis is the multinational courier corporation FedEx, which maintains its global air hub at Memphis International Airport, making it the second-busiest cargo airport in the world.
- Located on the Mississippi River and intersected by five major freight railroads and two Interstate Highways, I-40 and I-55, Memphis is ideally located for commerce in the transportation and shipping industry.
- Founded in 1979 and based in Memphis, AutoZone is the largest aftermarket automotive parts store in America with 6,300 stores across the U.S, Mexico, and Brazil.
- This freestanding, 9,016 SF retail building—formerly Dollar General—is located at 5226 S Third St in Memphis, TN (Shelby County) on a 1.265-acre parcel.
- Delivered vacant at sale, the property offers investors or owner-users immediate flexibility for re-tenanting, adaptive reuse, or redevelopment.
- CMU-3 zoning, a clean Phase I, and 30 on-site parking spaces support a wide range of neighborhood-serving retail or service uses.
- With prominent frontage along S Third St and exposure to ±12,820 vehicles per day, the site benefits from strong visibility and convenient access.
INVESTMENT HIGHLIGHTS
- 9,016 square foot former Dollar General with 30 parking spaces located on 1.26 Acres
- The subject property has excellent visibility from the intersection of Highway 61 (12,820 VPD) & W Holmes Rd (3,138 VPD)
- Positioned 5 miles from a retail corridor with national retailers including Walmart, Kroger, ALDI, and Southland Mall.
- 6 Miles from Graceland, the former home of Elvis Presley, which attracts over 600,000 visitors annually.
MEMPHIS | 2ND MOST POPULOUS CITY IN TN
- Memphis is the second most populous city in the State of TN with a population of 650,618 and an MSA population of 1,348,260.
- The largest employer in Memphis is the multinational courier corporation FedEx, which maintains its global air hub at Memphis International Airport, making it the second-busiest cargo airport in the world.
- Located on the Mississippi River and intersected by five major freight railroads and two Interstate Highways, I-40 and I-55, Memphis is ideally located for commerce in the transportation and shipping industry.
- Founded in 1979 and based in Memphis, AutoZone is the largest aftermarket automotive parts store in America with 6,300 stores across the U.S, Mexico, and Brazil.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Convenience Store
Building Size
9,016 SF
Building Class
C
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.26 AC
Parking
30 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
190’ on South Third Street
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 08-2050-0-0078C | Improvements Assessment | $598,600 |
| Land Assessment | $36,720 | Total Assessment | $635,320 |
PROPERTY TAXES
Parcel Number
08-2050-0-0078C
Land Assessment
$36,720
Improvements Assessment
$598,600
Total Assessment
$635,320
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Former Dollar General | Starting Bid: $20,000 | 5226 S 3rd St
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