Retail For Lease: Former Family Dollor available

Features & Details

• Property type: Storefront Retail
• 8480 sqft leasable area

Commercial Area Features

Prime Location

• Situated at the hard corner of Riverdale and Holmes, providing excellent visibility and accessibility
• High traffic area with 32,975 vehicles per day on Riverdale Rd, offering great exposure for businesses

Property Specifications

• Approximately 8,320 square feet of retail space on a spacious 1.47-acre lot
• 28 parking spaces available, ensuring ample customer parking
• Built in 2013, offering modern amenities and infrastructure

Zoning and Classification

• Zoned CMU-2 (Commercial Mixed Use), allowing for various commercial applications
• Classified as a Class B building, indicating good quality and management

Versatility

• Previously housed retail businesses, demonstrating its suitability for commercial use
• Potential for various retail, office, or mixed-use applications

Area Development

• Located in a developing commercial corridor in Memphis
• Proximity to other businesses and residential areas, potentially driving foot traffic

Investment Potential

• Last sold for $865,000, indicating value appreciation potential in this growing area

This property at 5245 Riverdale Rd offers a strategic location with high visibility, ample space, and versatile zoning, making it an attractive option for businesses looking to establish or expand their presence in Memphis.

Gallery

Connect with an Agent