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Executive Summary

Former Walgreens on Stoplight Corner
13,330 SF on 1.31 AC
•Zoned CMU-1
•Huge Parcel spanning a city block
•Huge Corner Lot at Ramill Rd. and Yale Rd.
•New Retailers Coming to the area: Laundromat, Beauty Supply, and More!
3489 Ramill is a rare find with frontage on the entire city block on Yale Road from Raleigh Millington to Ramill Road. Located on a stoplight corner allows for the best exposure possible. This is an excellent repurpose opportunity.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,370 SF
Building Class
C
Year Built
1994
Price
$2,123,595 CAD
Price Per SF
$158.83 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.30 AC
Zoning
C-L - Commercial
Parking
60 Spaces (4.49 Spaces per 1,000 SF Leased)
Frontage
224’ on YALE RD

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 13,370 SF
  • Retail
  • Outparcel
  • Now
Space Size Space Use Position Available
1st Floor 13,370 SF Retail Outparcel Now

1st Floor

Size
13,370 SF
Space Use
Retail
Position
Outparcel
Available
Now
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

First Horizon Bank
Krystal
Crunch Fitness

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 08-5001-0-0001
  • 08-5001-0-0002
  • 08-5001-0-0003
Land Assessment
$51,015 CAD
Improvements Assessment
$1,113,231 CAD
Total Assessment
$1,164,246 CAD
  • Listing ID: 40992441

  • Date on Market: 2026-06-19

  • Last Updated:

  • Address: 3489 Ramill Rd, Memphis, TN 38128

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