1277 Shelby DrMemphis, TN 38116

Property Details for 1277 Shelby Dr

Year built

2002

Lot size

1.02 AC

Property size (Sq ft)

3,900 SF

Zone code

CMU-2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

079-061- - -00202

APU

7906100202

Description

This exceptional freestanding restaurant building, located at 1277 E Shelby Dr in Memphis, Tennessee, presents a compelling investment opportunity. Situated on a sizable 1.023-acre lot, the property boasts a generous 4,022 square feet of space, ideal for a variety of culinary concepts. Its prime location just east of the intersection with Elvis Presley Boulevard places it within the vibrant Whitehaven Trade Area of Memphis, ensuring high visibility and accessibility to a substantial customer base. The building's single-tenant occupancy offers streamlined management and potential for long-term lease stability. The property is classified as a restaurant in Shelby County, Tennessee, and features a convenient 38116 zip code. This location offers significant potential for growth and profitability within a well-established commercial district. The property's size and location make it an attractive option for both established restaurant operators seeking expansion and new entrepreneurs looking to establish a presence in a thriving market. Detailed property records are available upon request. This is a rare opportunity to acquire a well-positioned restaurant building in a high-traffic area of Memphis.

• CAP approach

  CAP return

  Valuation

  6%

  $826,034

  6.5%

  $762,493

  7%

  $708,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $766,191

  Geo Method

  $766,191

• Alternative Use

  Use

  Valuation

  Residential

  $643,192

  Hospitality

  $589,160

  Educational

  $490,174

  Medical

  $507,032

  Retail

  $762,493

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0206

Longitude

-90.0213

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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