For Sale
$1,300,000

2551 Mount Moriah RdMemphis, TN 38115

Prime Retail Building, 6,103 SF, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 6,103-square-foot retail property, located at 2551 Mt. Moriah Rd in Memphis, Tennessee, presents a unique investment opportunity. Previously operating as a restaurant and more recently as an automotive sales facility, this Class B building offers significant potential for a variety of uses. Situated on a 1.11-acre lot, the single-story structure boasts ample space and is in excellent condition, having undergone renovations in 2016. The property's strategic location on Mt. Moriah Road, near the intersection with Mendenhall, ensures high visibility and traffic flow. Its proximity to a Ford dealership, a police station, and Halle Stadium further enhances its appeal. Currently vacant, this move-in ready space is priced at $1,300,000, translating to $213.01 per square foot. The property is also available for lease at a modified gross rate of $7,000 per month. All 6,103 square feet are net rentable. This well-maintained building represents a compelling opportunity for owner-users seeking a prime retail location in a high-traffic area of Memphis. The property's history as both a restaurant and an automotive sales facility demonstrates its adaptability and suitability for a range of commercial ventures. Its excellent condition and recent renovations minimize upfront capital expenditures, allowing for a swift and efficient transition to new operations. The ample lot size provides additional flexibility for future expansion or outdoor amenities. This is a rare opportunity to acquire a well-positioned, high-traffic retail space in a thriving Memphis neighborhood.

Highlights

  • 6,103 SF retail building on 1.11-acre lot in Memphis, TN.
  • Class B building, previously a restaurant and auto sales facility, offering high adaptability.
  • Located at 2551 Mt. Moriah Rd, near Mendenhall, with high visibility and traffic.
  • $1,300,000 sale price ($213.01/SF) or $7,000/month modified gross lease.
  • 6,103 SF of net rentable space, move-in ready condition after 2016 renovations.

Property Details for 2551 Mount Moriah Rd

Property type
Retail properties, Restaurants
Square Feet
6,103 SF
Class
B
Year Renovated
2016
Buildings
1
Stories
1
Lot Size (sq. ft)
48,352 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.0788864
Longitude
-89.8865663
2551 Mount Moriah Rd, Memphis, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2551 Mount Moriah Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message