8385 Us Highway 64Memphis, TN 38133

  • Retail properties
  • 34,600 SF
For Lease

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
Retail properties
Property subtype
Strip malls
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
8385 Us Highway 64, Memphis, Tennessee

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$105,882
$461,040
$1,277,120
$1,738,160
-
$1,152,600
$3,192,800
$4,345,400

FAQs

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