6255 Winchester RdMemphis, TN 38115

Property Details for 6255 Winchester Rd

Year built

1994

Lot size

0.14 AC

Property size (Sq ft)

1,178 SF

Zone code

CMU-2

Property type

Drive through restaurants

APN

093-500- - -00423

APU

9350000423

Description

This exceptional 1,178 square foot restaurant building, situated on a 1.4-acre lot at 6255 Winchester Rd in Memphis, Tennessee (zip code 38115), presents a unique investment opportunity. Located in the Hickory Hill/Southeast Memphis submarket, this Class B property boasts a convenient airport subtype location and features a double drive-thru, ample parking (80 spaces), and existing restaurant infrastructure including a hood and hookups. Built in 1994 and extensively renovated in 2022, the building is currently vacant and ready for immediate occupancy. The property is zoned CMU-2 and serviced by MLGW power. Its high-traffic location and monument signage offer excellent visibility and accessibility. Previously operating as a Krispy Kreme and later a wings restaurant, this space is ideal for a variety of food service concepts, including delivery and takeout options. The single-tenant building sits on a 0.14-acre parcel, offering significant potential for a variety of food-related businesses. This turnkey operation is ready for a new tenant to capitalize on its prime location and existing infrastructure.

• CAP approach

  CAP return

  Valuation

  6%

  $195,737

  6.5%

  $180,680

  7%

  $167,774

• Comparable approach

  Method

  Valuation

  Relative Method

  $95,510.40

  Geo Method

  $95,510.40

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $354,047

  Mixed-Use / Specialty

  $179,347

  Hospitality / Lodging

  $130,685

  Office

  $177,565

  Institutional / Educational

  $186,203

  Residential Income

  $217,857

  Multifamily

  $265,103

  Automotive / Energy

  $159,603

  Parking / Income-Based Land

  $55,757

  Restaurant / Food Service

  $91,810.80

  Healthcare / Senior Housing

  $184,623

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0493

Longitude

-89.8544

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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