7300 Winchester RdMemphis, TN 38125

  • Retail properties
  • 21,001 SF
For Sale

Property Details for 7300 Winchester Rd

Year built
1995
Lot size
5.00 AC
Property size (Sq ft)
21,001 SF
Zone code
RS-15
Property type
Retail properties
Property subtype
Other automotive properties
APN
093-500- - -00445
APU
9350000445

Description

This exceptional 5-acre property at 7300 Winchester Road in Memphis, Tennessee, presents a remarkable opportunity for an auto dealership or redevelopment project. The property boasts a substantial 22,000 square feet of net rentable space spread across three buildings, each two stories high. Built in 1995 and extensively renovated in 2022, this Class A property features a showroom, ample office space (both upstairs and downstairs), a dedicated shop area, and a detailing facility. The site includes prominent pylon signage and lot lighting, enhancing its visibility and appeal. Previously a Mazda dealership, this location is ideally suited for a major brand dealership or creative repurposing. Its strategic location less than a mile from the new TopGolf facility, coupled with its proximity to major retailers and highways, ensures high traffic and excellent accessibility for customers throughout greater Memphis and North Mississippi. The property's commercial zoning allows for diverse uses. Additional features include the convenience of nearby Sam's Club and Costco. The upstairs office space presents a potential income stream through leasing. This is a turnkey operation with significant recent owner investment. The property is offered for sale by the owner.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,448,090
    6.5%
    $4,105,929
    7%
    $3,812,648
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,125,840
    Geo Method
    $4,125,840
  • Alternative Use

    Use
    Valuation
    Residential
    $3,463,504
    Hospitality
    $3,172,552
    Educational
    $2,639,526
    Medical
    $2,730,303
    Retail
    $4,105,929
7300 Winchester Rd, Memphis, Tennessee

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.05
Longitude
-89.8208
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
$48,609
$411,840
$386,120
$797,960
-
$1,029,600
$965,300
$1,994,900

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