4910 Raleigh Common Dr - Freestanding FOR SALE


Memphis, TN 38128- Raleigh
$975,000 USD
901-351-5595
4910 Raleigh Common Dr, Memphis, TN for Sale
$975,000 USD
Freestanding - FOR SALE
1/4
null | 5.38% Cap Rate

4910 Raleigh Common Dr
Memphis, TN 38128
Raleigh


HIGHLIGHTS

  • High-traffic area with 38,788 VPD on Austin Peay Hwy and 16,036 VPD on New Covington Pike
  • Surrounded by major national retailers, restaurants, and healthcare services
  • Strong commercial momentum in the immediate area, with several new developments completed or underway
  • Proximity to Raleigh Springs Civic Town Center, completed in 2023, increasing foot traffic and activity

OVERVIEW

This offering features a modern commercial property located in the heart of Raleigh’s revitalized commercial corridor, supported by strong surrounding economic activity and newly developed retail and service businesses. The area has seen meaningful growth with recent additions such as Starbucks, Bojangles, Chick-fil-A, Whataburger, Tropical Smoothie Café, as well as healthcare institutions like Methodist North Hospital and Encompass Health Rehabilitation. Its position among major national retailers—including Walmart, Kroger, Walgreens, and Dollar Tree—reinforces long-term stability and consumer draw. With excellent visibility, ample parking, and access to major thoroughfares experiencing heavy daily traffic, the site offers a strategically placed asset within a dynamic and growing commercial ecosystem.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$111 USD /SF

CAP RATE

5.38%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

RS10

APN/PARCEL ID

D0-147-0-0438

ASK ABOUT THIS PROPERTY

Melanie Myers BlandMyers Commercial Real EstateMore Info
901-351-5595

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Melanie Myers BlandMyers Commercial Real EstateMore Info
901-351-5595

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