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23454700
23454689

3990 Thomas St, Memphis, TN 38127

ZW
TN 368501
Crye-Leike Realtors South, Inc.
Listed by Crye-Leike Realtors South, Inc.
$485,000
407 days on market
Updated 58 days ago

Memphis Convenience Store

Details
Property Type Business for Sale, Retail
Sub Type Business and Building
Square Footage 3,109
Net Rentable (SqFt) 3,063
Year Built 1946
Buildings 1
Stories 1
Acreage 0.278
Zoning CMU-3

Business for Sale | 3,109 SF

Marketing description

Looking to own your own business and the building it’s in? This is your chance! Located at 3990 Thomas St, Memphis, TN 38127, this fully operating convenience store is ready for its next owner. Sitting on a busy stretch of Thomas Street (Highway 51), this property gets a ton of daily traffic, making it a great spot for steady foot traffic and local customers. Whether you’re looking to expand your business portfolio or dive into running your own store, this place has solid potential.

Here’s what you get:

  • A running convenience store with loyal, local customers.

  • The building and property included in the sale, no leasing!

  • Easy parking and great visibility on a corner lot.

  • A chance to grow, add food service, lottery, or other income streams.

  • Zoned for commercial use, so you’ve got options.

It’s a turnkey setup with room to grow. Whether you’re a first-time buyer or an experienced business owner, this is a smart opportunity in a high-traffic Memphis location.

Let’s get you in for a look – opportunities like this don’t last long!

Investment highlights

  • Business & Real Estate Included

    Own both the convenience store and the building, no rent, no landlord. A rare all-in-one investment opportunity.

  • High-Traffic Location

    Located on Thomas Street (Highway 51), a major Memphis artery with heavy daily vehicle traffic and high visibility.

  • Established Customer Base

    Well-known in the neighborhood with regular local customers, consistent revenue stream from day one.

  • Growth Potential

    Expand offerings to include hot food, lottery, check cashing, or even fuel. Plenty of room to increase profit margins.

  • Ample Parking & Easy Access

    Corner lot with convenient customer parking, a huge plus for walk-ins and drive-up traffic.

  • Zoned Commercial

    Flexible use options, continue as a convenience store or convert to another retail or service-based business.

  • Turnkey Operation

    Fully functioning store, hit the ground running with minimal setup.

  • Affordable Entry Point

    Priced to sell, a great opportunity for first-time buyers or seasoned investors looking to add a solid asset to their portfolio.

Listing Contacts

ZW
TN 368501
Crye-Leike Realtors South, Inc.
Listed by Crye-Leike Realtors South, Inc.

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Zoning

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CMU-3 CommercialGeneral CommercialCommercial Mixed Use 3
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View all 168 uses
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Zane Williams
License
368501
Brokerage
Crye-Leike Powell
Title
Real Estate Agent
Brokerage Address
7563 Barnett Way
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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