For Sale
$2,000,000

4636 Faronia Rd Memphis, TN 38116

High-yield retail center, Memphis, TN.

Overview

Added:
Dec 11, 2024
Days on market:
137
This Memphis, TN shopping center presents a compelling value-add investment opportunity. Located at the high-traffic intersection of Shelby Drive and Faronia Road (zip code 38116), this property comprises two parcels totaling 2.05 acres. The property features four commercial buildings; two on Parcel A (1.06 acres, 9,865 sq ft) and two on Parcel B (0.99 acres, 4,440 sq ft). Currently boasting 85% occupancy and a net operating income (NOI) of $109,000, this property offers strong holding income potential. Clean Phase I and II environmental reports are available. The property's prime location, near established businesses like Starbucks and AutoZone, presents significant upside potential for an investor. The site also offers potential for redevelopment, including a prime gas station development. The asking price is $2,000,000. This is an exceptional opportunity to acquire a well-positioned retail center in a thriving Memphis market. All information is from sources deemed reliable, but no warranty is made to its accuracy.

Highlights

  • $2,000,000 asking price for a value-add retail investment opportunity.
  • Multi-tenant shopping center with 85% occupancy.
  • 2.05-acre lot located at a signalized intersection in Memphis, TN.
  • $109,000 Net Operating Income (NOI).
  • Property consists of four commercial buildings totaling approximately 14,305 square feet.

Property Details for 4636 Faronia Rd

Property type
Lifestyle centers, Power centers
Lot Size (sq. ft)
89,298 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.02131608882
Longitude
-90.019843399715

FAQs

What type of property is this?
Lifestyle center - High-yield retail center, Memphis, TN.
Where is the lifestyle center located?
The property is located at 4636 Faronia Rd Memphis, TN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: $2,000,000 asking price for a value-add retail investment opportunity.; Multi-tenant shopping center with 85% occupancy.; 2.05-acre lot located at a signalized intersection in Memphis, TN.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4636 Faronia Rd
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