3909 Elvis Presley BlvdMemphis, TN 38116

Property Details for 3909 Elvis Presley Blvd

Year built

1979

Lot size

0.79 AC

Property size (Sq ft)

9,116 SF

Zone code

CMU-3

Property type

Retail space

APN

077-025- - -00006

APU

7702500006

Description

This exceptional 9,053-square-foot freestanding retail building presents a unique investment opportunity in Memphis, Tennessee. Located at 3909 Elvis Presley Boulevard, directly across from Graceland, this property boasts incredible visibility and high traffic counts, averaging 32,744 vehicles per day. The building is currently vacant, offering a blank canvas for a wide range of retail uses. Its prime location provides easy access to Interstate 55 and Southaven, Mississippi, ensuring convenient access for customers and employees. The property features one dock door for efficient loading and unloading. To maximize brand awareness, a pylon sign is available for lease. This is an unparalleled chance to establish a business in a high-traffic area with significant tourist appeal, benefiting from the constant flow of visitors to Graceland. The building's size and location make it ideal for a variety of retail concepts, from restaurants and shops to entertainment venues. The address is 3909 Elvis Presley Boulevard, Memphis, TN 38116, with a cross street of Graceland. This property offers a rare combination of high visibility, convenient access, and a strong location, making it a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,514,710

  6.5%

  $1,398,200

  7%

  $1,298,330

• Comparable approach

  Method

  Valuation

  Relative Method

  $739,111

  Geo Method

  $739,111

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,739,810

  Mixed-Use / Specialty

  $1,387,890

  Hospitality / Lodging

  $1,011,310

  Office

  $1,374,090

  Institutional / Educational

  $1,440,940

  Residential Income

  $1,685,900

  Multifamily

  $2,051,510

  Automotive / Energy

  $1,235,090

  Parking / Income-Based Land

  $431,478

  Restaurant / Food Service

  $710,482

  Healthcare / Senior Housing

  $1,428,710

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0422

Longitude

-90.0256

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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