3545 Austin Peay HwyMemphis, TN 38128

Property Details for 3545 Austin Peay Hwy

Year built

2021

Construction

FRAME

Lot size

0.97 AC

Property size (Sq ft)

2,131 SF

Zone code

CMU-2

Property type

Retail properties

Property subtype

Drive through restaurants

APN

086-023- - -00023

APU

8602300023

Description

This exceptional commercial land opportunity presents two available outparcels in the thriving Marketplace at Raleigh. Situated across from the new $65 million Raleigh Civic Center and minutes from Methodist North Hospital, this location boasts unparalleled visibility and accessibility. The property offers 0.85 to 1.7 acres of land ideal for build-to-suit development, ground lease, or outright purchase. Benefit from the high traffic counts on nearby Austin Peay Highway (25,157 AADT) and Yale Road (17,416 AADT), ensuring significant exposure for your business. The area is already home to a robust retail landscape, including major players such as Walmart, Save-a-Lot, Dollar Tree, DD's Discounts, Citi Trends, Hibbett Sports, Aldi, Rainbow, Popeye's, and McDonald's, creating a synergistic environment. Furthermore, the proximity to the Nike North America Logistics Campus (2,600+ employees) and an Amazon Fulfillment Center (2,000+ employees) guarantees a substantial and consistent customer base. This is a prime opportunity to establish a presence in a rapidly growing area with exceptional demographics and high consumer traffic. The property is zoned for multiple tenants, offering flexibility for various retail concepts. Don't miss this chance to capitalize on this strategic location and thriving retail market.

• CAP approach

  CAP return

  Valuation

  6%

  $451,354

  6.5%

  $416,634

  7%

  $386,875

• Comparable approach

  Method

  Valuation

  Relative Method

  $418,655

  Geo Method

  $418,655

• Alternative Use

  Use

  Valuation

  Residential

  $351,446

  Hospitality

  $321,923

  Educational

  $267,836

  Medical

  $277,048

  Retail

  $416,634

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.2225

Longitude

-89.9088

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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