395 Highland StMemphis, TN 38111

Property Details for 395 Highland St

Year built

2016

Lot size

4.75 AC

Property size (Sq ft)

116,035 SF

Zone code

CMU-1

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

045-125- - -00027

APU

4512500027

Description

Highland Row, located at 395 S Highland St in Memphis, Tennessee (zip code 38111), offers a unique retail opportunity within a vibrant mixed-use development. This property, categorized as Retail/Restaurants with multiple tenancies, boasts a total building size of 25,065 square feet. Currently, there is 1,627 square feet of vacant space available, including a single, sizable unit of 4,367 square feet, perfect for a variety of restaurant or retail concepts. The building is situated in Shelby County and benefits from its location within Highland Row, a development that combines retail, restaurants, luxury flats, and townhomes, creating a high-traffic, high-visibility environment. This synergistic mix of uses ensures a diverse customer base and strong foot traffic. The available space presents a chance to establish a presence in a thriving Memphis community, attracting both residents and visitors. The property's prime location and the overall appeal of Highland Row make this an exceptional opportunity for businesses seeking a high-profile location with significant growth potential. Interested parties should inquire about lease terms and availability for the 4,367 square foot space. The property's address is easily accessible and well-suited for both customer and employee convenience.

• CAP approach

  CAP return

  Valuation

  6%

  $20,731,318

  6.5%

  $19,136,600

  7%

  $17,769,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,021,437

  Geo Method

  $14,021,437

• Alternative Use

  Use

  Valuation

  Residential

  $19,136,600

  Hospitality

  $17,529,024

  Educational

  $14,583,942

  Medical

  $15,085,506

  Retail

  $22,686,132

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1202

Longitude

-89.9462

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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