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5239 & 5251 S 3rd St 2 Properties Offered at $2,037,180 CAD in Memphis, TN
Investment Highlights
- 200+ parking spaces
- High visibility and signalized access potential (buyer to verify)
- Infill location with regional connectivity
- Large, contiguous parcels with ample surface parking
- Diverse allowable use profile (buyer to verify zoning)
Executive Summary
Value-Add / Redevelopment Opportunity – South Memphis
Investment Summary
Institutional-quality opportunity to acquire two contiguous commercial assets positioned along a high-traffic corridor in South Memphis. The properties offer scale, frontage, and flexible redevelopment potential, supported by proximity to one of the nation’s most critical logistics markets.
The site is well-suited for value-add repositioning, ground-up redevelopment, or long-term hold with multiple exit strategies.
Market & Logistics Fundamentals
Frontage on U.S. Highway 61 (The Blues Highway)
Located within 10 miles of the Port of Memphis, BNSF Railyard, and Memphis International Airport
Memphis serves as a top-tier national distribution hub
Ability to reach ~75% of the U.S. population within two days
Strong daily traffic counts support retail, service, or mixed-use demand
Potential Strategies
Retail or Service-Oriented Redevelopment
Hospitality or Short-Term Stay
EV Charging / Fleet Services
Industrial Service or Last-Mile Support
Mixed-Use or Multifamily (subject to zoning)
Investment Summary
Institutional-quality opportunity to acquire two contiguous commercial assets positioned along a high-traffic corridor in South Memphis. The properties offer scale, frontage, and flexible redevelopment potential, supported by proximity to one of the nation’s most critical logistics markets.
The site is well-suited for value-add repositioning, ground-up redevelopment, or long-term hold with multiple exit strategies.
Market & Logistics Fundamentals
Frontage on U.S. Highway 61 (The Blues Highway)
Located within 10 miles of the Port of Memphis, BNSF Railyard, and Memphis International Airport
Memphis serves as a top-tier national distribution hub
Ability to reach ~75% of the U.S. population within two days
Strong daily traffic counts support retail, service, or mixed-use demand
Potential Strategies
Retail or Service-Oriented Redevelopment
Hospitality or Short-Term Stay
EV Charging / Fleet Services
Industrial Service or Last-Mile Support
Mixed-Use or Multifamily (subject to zoning)
Property Facts
| Price | $2,037,180 CAD | Number of Properties | 2 |
| Price / SF | $415.75 CAD / SF | Individually For Sale | 0 |
| Sale Condition | Redevelopment Project | Total Building Size | 4,900 SF |
| Sale Type | Investment or Owner User | Total Land Area | 1.24 AC |
| Status | Active |
| Price | $2,037,180 CAD |
| Price / SF | $415.75 CAD / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,900 SF |
| Total Land Area | 1.24 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5239 S 3rd St, Memphis, TN 38109 | Office | 900 SF | 1946 | - |
| 5251 S 3rd St, Memphis, TN 38109 | Retail | 4,000 SF | 1949 | - |
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5239 & 5251 S 3rd St
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