3500 Ramill Rd - Freestanding FOR SALE


Memphis, TN 38128- Raleigh
$900,000 USD
248-702-0288
3500 Ramill Rd, Memphis, TN for Sale
$900,000 USD
Freestanding - FOR SALE
1/6
null | Request Cap Rate

3500 Ramill Rd
Memphis, TN 38128
Raleigh


HIGHLIGHTS

  • 11,122 SF Free-Standing Retail Building On 1.84 Acres Offering Significant Flexibility For Multi-Tenant Conversion, Owner-User Repositioning
  • Signalized Hard-Corner Location With High Volume Traffic Counts Boasting 46,253+ VPD Providing Strong Frontage And Accessibility Along A Primary North
  • Drive-Thru Equipped Asset — A Rare Feature In The Submarket That Materially Expands Tenant Demand (QSR, Medical, Financial, Specialty Retail)
  • Strategic Proximity To Major Employment Drivers Including Nike’s 2.8M SF North American Logistics Center And Amazon’s 855,000 SF Fulfillment Facility
  • Dense 5-Mile Population Of 163,000+ Residents With Strong Workforce Demographics And Consistent Neighborhood Retail Demand
  • Below Replacement Cost Basis Opportunity Allowing Investors To Acquire Well-Located Real Estate At A Discount To New Construction Costs

OVERVIEW

11,122 SF Free-Standing Retail Building On 1.84 Acres Offering Significant Flexibility For Multi-Tenant Conversion, Owner-User Repositioning, Or Single-Tenant Backfill

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Drugstore For Sale/Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

79,976 SF

ZONING

CL

APN/PARCEL ID

08-6036-0-0033

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.