For Sale
$1,000,000

1300 Shelby DrMemphis, TN 38116

High-traffic Memphis mixed-use lot

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 0.8 to 1.2-acre outparcel presents a compelling investment opportunity in a thriving Memphis location. Situated at the highly visible stoplight entrance to Southland Mall on East Shelby Drive and Faronia Road, this property boasts exceptional visibility and accessibility. The CMU-2 zoning allows for a variety of mixed-use developments, perfectly complementing the existing strong retail presence. This prime location benefits from significant daily traffic counts, with East Shelby Drive registering 30,208 vehicles per day and Elvis Presley Boulevard recording 21,210 vehicles per day. The property is strategically positioned within the dynamic Whitehaven area, alongside established businesses such as Starbucks and AutoZone, with additional retailers like Guthrie's planned for the near future. This presents a unique chance to capitalize on the area's growth and establish a successful venture in a high-demand commercial zone. The asking price for this exceptional property is $1,000,000. This is an unparalleled opportunity to acquire a strategically located mixed-use parcel in a rapidly developing area of Memphis, Tennessee. The property's size, zoning, and location make it ideal for a variety of commercial uses. Don't miss this chance to secure a piece of Memphis's vibrant commercial landscape.

Highlights

  • 0.8-1.2 acre outparcel available for $1,000,000.
  • High-visibility location at the signalized entrance to Southland Mall on East Shelby Drive and Faronia Road in Memphis.
  • CMU-2 zoning allows for mixed-use development.
  • Exceptional daily traffic counts: 30,208 vehicles on East Shelby Drive and 21,210 on Elvis Presley Boulevard.
  • Located in Whitehaven near Starbucks, AutoZone, and future Guthrie's.

Property Details for 1300 Shelby Dr

Property type
Mixed-use properties
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.020998729788
Longitude
-90.020409820939
1300 Shelby Dr, Memphis, Tennessee

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1300 Shelby Dr
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