4299 Elvis Presley BlvdMemphis, TN 38116

Property Details for 4299 Elvis Presley Blvd

Year built

1965

Lot size

1.34 AC

Property size (Sq ft)

12,953 SF

Zone code

CMU-3

Property type

Medical offices

Property subtype

Medical centers

APN

077-045- - -00029-C

APU

07704500029C

Description

This exceptional Memphis, Tennessee property, located at 4299 Elvis Presley Blvd, offers 12,953 square feet of versatile commercial space in a single, one-story building. Situated on 1.3 acres of land in the Whitehaven submarket, this Class B building boasts a prime location on the iconic Elvis Presley Boulevard. Recently renovated in 2024, the property features a mix of office space types, including medical, traditional, executive, coworking, and creative office options. The building is currently partially vacant, with 5,750 square feet available for lease. Individual suites range from 180 to 3,300 square feet, providing flexibility for businesses of various sizes. Built in 1965, this property offers a blend of classic charm and modern updates, making it an ideal location for businesses seeking a unique and convenient space in a high-traffic area. The property's location on Elvis Presley Boulevard ensures high visibility and accessibility, while the recent renovations guarantee a modern and efficient workspace. The available space presents a fantastic opportunity for businesses looking to establish or expand their presence in the vibrant Memphis market. The property's diverse suite sizes cater to a wide range of business needs, offering a flexible and adaptable environment. This is a rare opportunity to secure a well-located, renovated commercial space in a thriving Memphis neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,866,322

  6.5%

  $1,722,759

  7%

  $1,599,705

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,009,816

  Geo Method

  $1,009,816

• Alternative Use

  Use

  Valuation

  Residential

  $2,136,221

  Hospitality

  $1,956,767

  Educational

  $1,628,007

  Medical

  $1,683,997

  Retail

  $2,532,456

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0314

Longitude

-90.0262

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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