1215 Shelby DrMemphis, TN 38116

Property Details for 1215 Shelby Dr

Year built

1966

Lot size

19.11 AC

Property size (Sq ft)

290,513 SF

Zone code

CMU-2

Property type

Super regional malls

APN

079-061- - -00200

APU

7906100200

Description

Southland Mall, located at 1215 E Shelby Dr in Memphis, Tennessee (zip code 38116), presents a significant retail investment opportunity. This established shopping mall boasts a total building area of 216,302 square feet and offers exceptional flexibility for prospective tenants. Currently, there are 33 available spaces ranging in size from a minimum of 600 square feet to a maximum contiguous space of 163,623 square feet. The substantial vacant space of 370,326 square feet provides ample room for expansion or redevelopment. The property is classified as retail, specifically a shopping mall, and includes a former bank space, offering unique possibilities. Situated in Shelby County, this prime location benefits from high visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in the Memphis market. The property's size and layout allow for a diverse range of tenants, from small boutiques to large anchor stores. This is a rare opportunity to acquire a significant retail asset in a thriving Tennessee market. The property's substantial size and flexible space options make it suitable for a variety of retail concepts. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $61,531,728

  6.5%

  $56,798,520

  7%

  $52,741,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $57,073,952

  Geo Method

  $57,073,952

• Alternative Use

  Use

  Valuation

  Residential

  $47,911,676

  Hospitality

  $43,886,836

  Educational

  $36,513,332

  Medical

  $37,769,084

  Retail

  $56,798,520

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0191

Longitude

-90.0216

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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