$1 Auction -REIT Sale | Former Dollar General 4712 S 3rd St Local commercial 852 m² À vendre Memphis, TN 38109 123 540 € (144,95 €/m²)

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 4712 S Third Street in Memphis, TN 38109 (the “Property”). Formerly occupied by Dollar General, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible commercial property with highway frontage within Memphis’s South Submarket at a significant discount. FIRST BID MEETS RESERVE!
Built in 2008, the Property features a one-story, free-standing retail building totaling ±9,174 square feet, situated on a ±1.98-acre parcel (±86,433 SF) with 31 surface parking spaces. The site offers excellent accessibility with two dedicated ingress/egress curb cuts and is positioned on a hard-corner intersection with 172 feet of prime frontage along Highway 61 (South 3rd Street), ensuring steady consumer traffic and strong visibility with ±14,543 vehicles per day (VPD), along with an additional ±370 feet of frontage on Delta Road. Previously occupied by Dollar General on a NNN lease, the Property presents an outstanding value-add opportunity, allowing owner/users or investors to capture upside through lease-up at competitive market rents (CoStar estimated rents of $13–$16/SF NNN retail). Zoned CMU-3, Commercial Mixed Use – 3, the site offers flexible potential for a broad range of retail and commercial uses through adaptive reuse, repositioning, or redevelopment strategies.
Located within Memphis’s South Submarket, the Property benefits from a corridor that combines strong residential density with excellent regional connectivity via Highway 61, SR-3, and I-55/I-69. The site sits near the intersection of W Shelby Drive (±4,829 VPD) across from Save-A-Lot and near a mix of local service providers that drive consistent daily traffic and crossover shopping. The South Submarket is further strengthened by proximity to major employers including Nucor Steel Memphis, industrial and distribution facilities, medical and educational anchors, and the TN–MS state line, all of which generate steady employment and consumer activity. The Property is also just ±5 miles from I-55 (±81,514 VPD), providing direct access to Memphis International Airport, Downtown Memphis, and the Medical District—all within ±9 miles—and 12 minutes from the Port of Memphis. Continued residential investment and infrastructure improvements in the area are further supporting long-term growth and enhancing the site’s retail appeal. The surrounding 5-mile trade area includes nearly ±90,000 residents with an average household income of ±$70,366, offering a stable and diverse consumer base. With its combination of strong visibility, neighborhood density, and access to regional employment hubs, the Property is well-positioned to capture demand from both local residents and the broader Memphis market.