Former Drugstore For Sale/Lease
Below Replacement Cost | Hard Corner Intersection W/ 46,000+ VPD | Income Tax-Free State
Marketing description
Introducing an incredible investment opportunity located at 3500 Ramill Road, Memphis, TN 38128. This former drugstore property boasts a prime location at a signalized hard-corner intersection with a high traffic volume exceeding 46,000 vehicles per day, making it a strategic spot for any business.
The 11,122 SF free-standing retail building sits on 1.84 acres, offering immense flexibility for conversion to multi-tenants, owner-user repositioning, or a single-tenant setup. Noteworthy features include a drive-thru, a rare asset in the area, ideal for attracting tenants like QSRs, medical offices, financial institutions, or specialty retailers. Surrounded by major retailers like Walgreens and AutoZone, the property is situated in a dense neighborhood with strong workforce demographics and steady retail demand.
With a below-replacement cost price tag of $900,000, this property presents a great opportunity for investors to acquire premium real estate at a discount. Don't miss out on this chance to own a valuable piece of Memphis's bustling commercial landscape.
Investment highlights
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
Signalized Hard-Corner Location With High Volume Traffic Counts Boasting 46,253+ VPD Providing Strong Frontage And Accessibility Along A Primary North Memphis Corridor
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 Supporting Daytime Population Density
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
Surrounded By National Retailers Including Walgreens, AutoZone, Sonic, Dollar General, And Circle K Reinforcing Established Retail Corridor Fundamentals
Flexible Zoning & Site Layout Conducive To A Variety Of Commercial Retail Uses
Memphis MSA – A National Logistics & Distribution Hub Benefiting From FedEx World Hub Operations, River, Rail, And Interstate Connectivity That Continue To Drive Regional Economic Stability
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