3421-3489 Austin Peay HwyMemphis, TN 38117

Property Details for 3421-3489 Austin Peay Hwy

Property size (Sq ft)

113,978 SF

Property type

Retail properties

Property subtype

Neighborhood centers

Description

Raleigh Springs Marketplace offers 113,978 square feet of retail space for lease in a thriving Shelby County location. This multi-tenant strip center boasts excellent visibility and accessibility, with direct access to Austin Peay Highway, experiencing a high daily traffic volume of 38,788 vehicles. The property features a minimum divisible space of 1,200 square feet and a maximum contiguous space of 6,505 square feet, providing flexibility for various business needs. Currently, 23,052 square feet of space is available. The center benefits significantly from its close proximity to the Raleigh Springs Town Center Redevelopment, a $40 million project that will include a new police station, library, skate park, and a lake with walking trails. This redevelopment is expected to significantly increase foot traffic and enhance the overall appeal of the area, creating a strong and growing customer base for tenants. The strategic location and upcoming improvements make this a prime opportunity for businesses seeking high visibility and a vibrant community setting. The property's size and layout offer a variety of leasing options to suit diverse business requirements. Inquire today to learn more about this exceptional retail space.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1103

Longitude

-89.902

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