5400 Knight Arnold RdMemphis, TN 38115

Property Details for 5400 Knight Arnold Rd

Year built

1963

Lot size

0.64 AC

Property size (Sq ft)

5,170 SF

Zone code

R-6

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

074-074- - -00036

APU

7407400036

Description

This exceptional 5,000-square-foot daycare building, situated on a 1.04-acre lot at 5400 Knight Arnold Rd in Memphis, Tennessee, presents a unique investment opportunity. Built in 1963, this single-story building is currently vacant and available for lease or purchase beginning January 1, 2026. Boasting a prime location with high visibility on Knight Arnold Road, which sees over 14,000 vehicles daily, this property offers unparalleled exposure. Its R-6 zoning allows for versatile use, including daycare, retail, office, or medical spaces. The property benefits from excellent accessibility with neighboring lots offering potential for additional parking. Surrounded by thriving businesses such as Taco Bell, ALDI, Family Dollar, and Planet Fitness, this location is strategically positioned within a vibrant commercial area. The strong demographics within a 3-mile radius, encompassing a population exceeding 98,000 with an average household income of $66,037, ensure a robust customer base. Proximity to schools, residential communities, and employment centers further enhances its appeal. This property is an ideal choice for businesses targeting families and young professionals. Don't miss this chance to establish your business in a high-traffic, well-established area of Memphis. The property's size, location, and zoning flexibility make it a compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $728,154

  6.5%

  $672,143

  7%

  $624,132

• Comparable approach

  Method

  Valuation

  Relative Method

  $463,511

  Geo Method

  $463,511

• Alternative Use

  Use

  Valuation

  Residential

  $852,641

  Hospitality

  $781,015

  Educational

  $649,795

  Medical

  $672,143

  Retail

  $1,010,792

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0626

Longitude

-89.8838

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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