6255 Winchester RdMemphis, TN 38115
- Retail properties
- 1,178 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $249,505
- 6.5%
- $230,312
- 7%
- $213,861
-
Comparable approach
- Method
- Valuation
- Relative Method
- $231,429
- Geo Method
- $231,429
-
Alternative Use
- Use
- Valuation
- Residential
- $194,277
- Hospitality
- $177,957
- Educational
- $148,058
- Medical
- $153,150
- Retail
- $230,312
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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