6255 Winchester RdMemphis, TN 38115

  • Retail properties
  • 1,178 SF
For Sale
$595,000 View listing

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
6255 Winchester Rd, Memphis, Tennessee

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

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
$3,562
$13,360
$45,120
$58,480
-
$33,400
$112,800
$146,200

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].