3698 Mendenhall RdMemphis, TN 38115

Property Details for 3698 Mendenhall Rd

Year built

1978

Lot size

1.03 AC

Property size (Sq ft)

10,860 SF

Zone code

CMU-1

Property type

Retail properties

Property subtype

Strip malls

APN

093-400- - -00287

APU

9340000287

Description

This exceptional retail opportunity is located at 3698 S Mendenhall Rd, Memphis, TN 38115, a high-visibility location in the Southeast submarket. The property consists of two single-story buildings totaling 24,000 square feet, situated on a 2.5 to 2.8-acre lot. The strip center offers multiple suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 3,600 square feet. Currently, there are 8 suites in total, with 9,618 square feet of vacant space available. The property enjoys excellent street exposure on S Mendenhall Rd, benefiting from high daily traffic counts exceeding 24,710 vehicles. Its convenient location near Winchester Rd places it within a thriving commercial area. The property is zoned commercial and offers a prime opportunity for retailers seeking a high-traffic location in a well-established Memphis neighborhood. The cross street is Flowering Peach.

• CAP approach

  CAP return

  Valuation

  6%

  $2,300,188

  6.5%

  $2,123,251

  7%

  $1,971,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,133,547

  Geo Method

  $2,133,547

• Alternative Use

  Use

  Valuation

  Residential

  $1,791,041

  Hospitality

  $1,640,584

  Educational

  $1,364,947

  Medical

  $1,411,890

  Retail

  $2,123,251

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0473

Longitude

-89.8854

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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