4535 Millbranch RdMemphis, TN 38116

Property Details for 4535 Millbranch Rd

Year built

1972

Lot size

0.89 AC

Property size (Sq ft)

10,050 SF

Zone code

CMU-1

Property type

Retail properties

Property subtype

Strip malls

APN

079-042- - -00010-C

APU

07904200010C

Description

This exceptional 10,000 square foot Class C retail strip center, located at 4535 Millbranch Rd, Memphis, TN 38116, presents a fantastic investment opportunity. Currently boasting eight suites, this property offers multiple tenancy options with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 1,500 square feet. Two spaces are currently available, making this an ideal location for businesses seeking high visibility and convenient access. Situated on busy Millbranch Road, the center enjoys excellent proximity to Interstate 55 and East Shelby Drive, ensuring high traffic volume and strong potential for customer reach. The property's strategic location within the Memphis market provides access to a substantial consumer base. This is a rare opportunity to secure retail space in a well-established center with limited vacancy. The address is easily accessible, offering ample parking for customers and employees. The property is categorized as a Class C retail space, offering a competitive price point for businesses seeking a cost-effective yet functional location. Don't miss this chance to establish your business in a thriving Memphis commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,128,627

  6.5%

  $1,964,887

  7%

  $1,824,538

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,974,415

  Geo Method

  $1,974,415

• Alternative Use

  Use

  Valuation

  Residential

  $1,657,455

  Hospitality

  $1,518,220

  Educational

  $1,263,141

  Medical

  $1,306,583

  Retail

  $1,964,887

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.025

Longitude

-90.0079

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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