2810 Germantown PkwyMemphis, TN 38133

Property Details for 2810 Germantown Pkwy

Year built

1996

Lot size

4.00 AC

Property size (Sq ft)

42,668 SF

Zone code

CMU-2

Property type

Outlet malls

APN

092-007- - -00002

APU

9200700002

Description

This exceptional freestanding retail building, located at 2810 N Germantown Pkwy in Memphis, Tennessee, presents a compelling investment opportunity. Situated on a lot ranging from 0.96 to 1.37 acres within Shelby County, this property offers a total of 203 parking spaces, ensuring ample convenience for customers. The building's classification is Retail, with a Freestanding Building subtype and multiple tenancies available. While the precise square footage of the building is currently unavailable, the substantial lot size and significant parking capacity indicate a substantial property. The property's prime location on Germantown Parkway in Memphis, zip code 38133, guarantees high visibility and accessibility for businesses seeking a strong presence in a thriving commercial area. The property's strategic location and ample parking make it ideal for a variety of retail uses. Two spaces are currently available for lease. Interested parties are encouraged to inquire for further details and leasing information. The property is situated in a high-traffic area, offering excellent potential for business growth and profitability. The total land acreage is 2.33 acres.

• CAP approach

  CAP return

  Valuation

  6%

  $9,037,240

  6.5%

  $8,342,068

  7%

  $7,746,206

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,382,521

  Geo Method

  $8,382,521

• Alternative Use

  Use

  Valuation

  Residential

  $7,036,846

  Hospitality

  $6,445,714

  Educational

  $5,362,758

  Medical

  $5,547,192

  Retail

  $8,342,068

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.2025

Longitude

-89.7913

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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