For Sale
$799,000

3544 Covington Pike Memphis, TN 38128

Prime North Memphis location, ideal for owner-user.

Overview

Added:
Dec 11, 2024
Days on market:
135
This 8,000-square-foot freestanding building, formerly a Family Dollar, presents a compelling investment opportunity in Memphis, Tennessee. Constructed in 2012, the property sits on a sizable 0.88-acre lot and offers significant potential for expansion, up to 9,000 square feet, with ample existing parking. The building features a pylon sign, three-phase electrical service, and energy-efficient LED lighting. With 30 parking spaces readily available, this property is well-suited for a variety of retail or commercial uses. Its strategic location, just 0.8 miles from Methodist North Hospital, makes it particularly attractive for medical-related businesses seeking a convenient and accessible location. The asking price is $799,000, translating to $99.88 per square foot. This single-story building offers a unique chance to acquire a well-maintained commercial space in a thriving area of Memphis. The property's features and location combine to create a strong investment opportunity for owner-users or those seeking retail repurposing. All information is deemed reliable but not guaranteed.

Highlights

  • 8,000 SF freestanding building, former Family Dollar, built in 2012 with pylon sign, 3-phase power, and LED lighting.
  • 30 parking spaces.
  • Excellent potential for medical or retail reuse.
  • 0.8 miles from Methodist North Hospital.
  • Expansion potential to 9,000 SF with ample existing parking.

Property Details for 3544 Covington Pike

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,000 SF
Year Built
2012
Buildings
1
Stories
1
Lot Size (sq. ft)
38,333 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.223055808317
Longitude
-89.893896687574

FAQs

What type of property is this?
Retail property - Prime North Memphis location, ideal for owner-user.
Where is the retail property located?
The property is located at 3544 Covington Pike Memphis, TN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 8,000 SF freestanding building, former Family Dollar, built in 2012 with pylon sign, 3-phase power, and LED lighting.; 30 parking spaces.; Excellent potential for medical or retail reuse.
How can I contact the broker?
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3544 Covington Pike
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