5376 Knight Arnold RdMemphis, TN 38115

This vacant 6,480 square foot medical office building, situated on a 0.71-acre lot in Memphis, Tennessee, presents a compelling owner-user opportunity. Built in 1988, the Class B property features 15 parking spaces and is conveniently located at 5376 Knight Arnold Rd, boasting high visibility due to its placement at the intersection of Mendenhall and Knight Arnold Roads, experiencing daily traffic counts of 14,445 vehicles. The property is zoned R-6 and offers a prime location within a thriving commercial area, surrounded by national retailers such as Taco Bell, Planet Fitness, and ALDI. The surrounding area demonstrates strong demographics, with a population of 17,034 within one mile and 198,146 within five miles, resulting in a substantial daytime population of 261,563 within a five-mile radius. The average household income within a five-mile radius is $86,310. All essential utilities, including water, sewer, gas, and electricity, are readily available. The property is offered for sale at $599,000 as a fee simple ownership. A pylon sign is also present. This presents a unique chance to acquire a well-positioned property with significant potential for various commercial uses.