8385 Us Highway 64Memphis, TN 38133

Property Details for 8385 Us Highway 64

Year built

2002

Lot size

3.12 AC

Property size (Sq ft)

34,600 SF

Zone code

CMU-3

Property type

Strip malls

Property subtype

Neighborhood centers

APN

092-007- - -00073

APU

9200700073

Description

This exceptional retail property, Shoppes of Wolfchase, offers a prime location in the heart of Memphis' thriving Wolfchase area. Situated at 8385 US Highway 64, this center boasts a total of 34,395 square feet of retail and restaurant space, strategically positioned near the intersection of Germantown Parkway and Interstate 40, ensuring high visibility and accessibility. Currently, there are two available spaces, ideal for a variety of businesses. One space measures 2,080 square feet, while the other offers 2,804 square feet of versatile space. The property is categorized as multi-tenant, with existing tenants including Buffalo Wild Wings and Mcalister's Deli, establishing a strong foundation of established businesses. The building's location in Shelby County, Tennessee, provides access to a robust consumer base and excellent transportation links. This presents a unique opportunity for businesses seeking high-traffic exposure and a well-established commercial environment. The available spaces provide flexibility for various retail or restaurant concepts, making this an attractive investment prospect for those seeking a strong presence in a high-growth area of Memphis. The property's prime location and existing tenant mix create a synergistic environment, promising significant potential for success. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $7,328,408

  6.5%

  $6,764,684

  7%

  $6,281,492

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,797,488

  Geo Method

  $6,797,488

• Alternative Use

  Use

  Valuation

  Residential

  $5,706,264

  Hospitality

  $5,226,908

  Educational

  $4,348,726

  Medical

  $4,498,285

  Retail

  $6,764,684

Location Insight

City

Bartlett

County

Shelby

State

Tennessee

Latitude

35.2033

Longitude

-89.7837

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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