5465 Fox Plaza DrMemphis, TN 38115

Property Details for 5465 Fox Plaza Dr

Year built

1974

Construction

FRAME

Lot size

1.28 AC

Property size (Sq ft)

6,624 SF

Zone code

CMU-1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

074-089- -E-00017

APU

074089E00017

Description

This exceptional 6,624-square-foot retail or restaurant space is ideally situated at 5465 Fox Plaza Drive in Memphis, Tennessee, within Shelby County. The property boasts a single-tenant occupancy and sits on a generous 1.13-acre lot, providing ample parking for customers and employees. Built in 1974, the building is classified as Class C and is currently entirely vacant, presenting a unique opportunity for a new business to establish itself in a well-located area. The space is described as second-generation restaurant space, suggesting existing infrastructure suitable for a food service establishment. The property's address is 5465 Fox Plaza Dr, Memphis, TN 38115. Its convenient location offers excellent visibility and accessibility, making it an attractive proposition for a variety of businesses. The substantial square footage allows for a large-scale operation or the potential for subdivision into smaller units (subject to local regulations and approvals). With ample parking available, customer convenience is ensured. This property represents a significant opportunity for a business seeking a substantial space in a desirable Memphis location. The property's size and location make it suitable for a wide range of retail or restaurant concepts. Interested parties should conduct their own due diligence to verify all aspects of the property and its suitability for their intended use.

• CAP approach

  CAP return

  Valuation

  6%

  $1,402,988

  6.5%

  $1,295,066

  7%

  $1,202,561

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,301,346

  Geo Method

  $1,301,346

• Alternative Use

  Use

  Valuation

  Residential

  $1,092,436

  Hospitality

  $1,000,666

  Educational

  $832,542

  Medical

  $861,175

  Retail

  $1,295,066

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.074

Longitude

-89.8816

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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