Sell Your Retail Property in Memphis, TN
Want to sell a retail property or strip mall in Memphis, Tennessee? E-commerce and shifting consumer habits have made retail ownership more challenging than ever. EasyOffer buys retail properties for cash, regardless of vacancy or tenant mix.
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Market Snapshot: Memphis, TN
Latest available data from public sources. Updated .
Median Home Value
$169,000
Census ACS 2024
Zillow Home Value Index
$141,489
-2.8% YoY
Zillow ZHVI
Median Sale Price
$208,500
Redfin
Days on Market
57 days
Redfin
Population
633,104
-2.8% since 2020
U.S. Census
Median Household Income
$51,736
Census ACS 2024
Sale-to-List Ratio
95.4%
Redfin
Active Inventory
214 homes
Redfin
Owner-Occupied
44.9%
Census ACS 2024
Price per Sq Ft
$168/sqft
Redfin
Recent Sales
17 homes
Redfin
Unemployment Rate
8.3%
BLS
Property Tax
$1,845/yr
Census ACS 2024
Median Age
34.2 years
Census ACS 2024
Poverty Rate
23.1%
Census ACS 2024
Avg. Commute
21 min
Census ACS 2024
| Metric | Value | Change | Source |
|---|---|---|---|
| Median Home Value | $169,000 | — | Census ACS 2024 |
| Zillow Home Value Index | $141,489 | -2.8% YoY | Zillow ZHVI |
| Median Sale Price | $208,500 | — | Redfin |
| Days on Market | 57 days | — | Redfin |
| Population | 633,104 | -2.8% since 2020 | U.S. Census |
| Median Household Income | $51,736 | — | Census ACS 2024 |
| Sale-to-List Ratio | 95.4% | — | Redfin |
| Active Inventory | 214 homes | — | Redfin |
| Owner-Occupied | 44.9% | — | Census ACS 2024 |
| Price per Sq Ft | $168/sqft | — | Redfin |
| Recent Sales | 17 homes | — | Redfin |
| Unemployment Rate | 8.3% | — | BLS |
| Property Tax | $1,845/yr | — | Census ACS 2024 |
| Median Age | 34.2 years | — | Census ACS 2024 |
| Poverty Rate | 23.1% | — | Census ACS 2024 |
| Avg. Commute | 21 min | — | Census ACS 2024 |
Why Homeowners in Memphis Choose EasyOffer
Memphis's median home value is $141,489 (Zillow, 2026), down 2.8% year-over-year. With 633,104 residents declining 2.8% since 2020. homes here sell in a median of 57 days with a 95.4% sale-to-list ratio. the local unemployment rate is 8.3% (BLS). with a median price of $168/sqft (Redfin). 17 properties have sold recently.
Retail real estate in Memphis faces ongoing headwinds from e-commerce growth, changing consumer patterns, and national chain closures. Owners of strip malls and standalone retail buildings often struggle with anchor tenant departures, rising insurance premiums, and CAM cost disputes. Listing retail property through a commercial broker typically takes 12-24 months and involves substantial commissions. EasyOffer provides a direct cash purchase with no listing period, no commissions, and no financing contingencies.
Memphis remains one of the most affordable major metros for real estate investors, with a median home price around $185,000 in the city proper and strong rental demand. The massive St. Jude expansion and BlueOval City EV plant are injecting billions into the local economy, while the downtown riverfront continues to see new mixed-use development that is gradually transforming the city's urban core.
We also serve property owners in nearby New South Memphis, West Memphis, Marion, and throughout Tennessee.
Serving Memphis and Surrounding Areas
Neighborhoods We Serve
Midtown
Memphis's cultural heart, Midtown encompasses Overton Park, the Memphis Zoo, and a thriving arts scene along Broad Avenue. A mix of Craftsman bungalows, Tudor homes, and midcentury apartments attracts a diverse population of young professionals, artists, and longtime residents.
Cooper-Young
A walkable, eclectic neighborhood within Midtown known for its independent restaurants, vintage shops, and annual festival. Victorian cottages and renovated shotgun houses line its tree-canopied streets, creating a bohemian atmosphere.
East Memphis
The traditional affluent corridor stretching from Poplar Avenue to the Shelby County suburbs, featuring ranch homes, colonials, and newer construction. Proximity to top-rated private schools and the Laurelwood and Regalia shopping centers makes it popular with families.
Downtown / South Main
The South Main Arts District has revitalized downtown Memphis with galleries, restaurants, and loft conversions in former warehouse buildings. Proximity to Beale Street, the National Civil Rights Museum, and the riverfront attracts urban professionals and tourists.
Germantown
An affluent eastern suburb with top-rated schools, low crime, and a manicured small-town center. Large lots and newer construction attract families seeking quality schools in a suburban setting while remaining close to Memphis employment centers.
Harbor Town
A planned community on Mud Island offering New Urbanist architecture, river views, and a walkable village atmosphere. Its close-knit community feel and proximity to downtown make it a unique option in the Memphis market.
Notable Landmarks
Graceland, Elvis Presley's estate and museum · Beale Street, the birthplace of the Blues · National Civil Rights Museum at the Lorraine Motel · Memphis Zoo and Overton Park · FedExForum (Memphis Grizzlies) · Shelby Farms Park, one of the largest urban parks in the US · St. Jude Children's Research Hospital campus
Major Employers
FedEx Corporation (global headquarters) · St. Jude Children's Research Hospital · International Paper · AutoZone (headquarters) · ServiceMaster (now Terminix parent) · Methodist Le Bonheur Healthcare · Nike Memphis distribution campus
Top Schools
Natural Hazard Awareness
Memphis sits near the New Madrid Seismic Zone, posing earthquake risk, and also faces severe thunderstorms, tornadoes, and occasional Mississippi River flooding.
How It Works
Selling your retail property in Memphis is fast and hassle-free with EasyOffer. Here is how it works:
Tell Us About Your Property
Enter your address and contact info. Takes 30 seconds.
Get Your Cash Offer
We analyze your Memphis property and send a fair, no-obligation offer.
Close and Get Paid
Pick your closing date. We handle paperwork and pay all closing costs.
Tell Us About Your Property
Enter your address and contact info. Takes 30 seconds.
Get Your Cash Offer
We analyze your Memphis property and send a fair, no-obligation offer.
Close and Get Paid
Pick your closing date. We handle paperwork and pay all closing costs.
Frequently Asked Questions
Can I sell my strip mall in Memphis if I have empty storefronts?
Absolutely. We buy retail properties at any occupancy level. Vacant storefronts, expired leases, and below-market rents do not prevent us from making you a fair cash offer.
How do anchor tenant vacancies affect my retail property sale?
Losing an anchor tenant can reduce the value of a strip mall on the open market, but we factor in the property's overall potential. We buy retail properties with anchor vacancies without requiring you to backfill the space first.
Do I need to resolve CAM disputes or reconciliation issues before selling?
No. We handle all common area maintenance accounting and any outstanding disputes with tenants after closing. You do not need to settle open items before the sale.
Will you buy a retail property with environmental concerns, like a former dry cleaner?
We evaluate each property individually. Properties with known environmental issues may still receive an offer, depending on the scope of the concern and the property's overall value.
What types of retail properties do you buy in Memphis?
We buy strip malls, standalone retail buildings, shopping plazas, pad sites, freestanding NNN properties, and mixed-use retail buildings throughout Memphis and Tennessee.
How long does it take to close on a retail property sale?
Once you accept our offer, we can typically close in 14-21 days. Larger retail portfolios or properties with complex tenant situations may require slightly longer, but we work to move as fast as you need.
What Our Sellers Say
“My mom passed and I inherited her place in Antioch. It needed a ton of work and I live out of state so I couldn't deal with contractors or showings. They came out, looked at it, and had a number for me the next day. We closed in 9 days. The whole thing was so much easier than I expected.”
Inherited Property
“Honestly I was skeptical at first because I'd heard horror stories about cash buyers lowballing people. But they explained exactly how they came up with the number and it was fair. We were behind on payments and they got everything done in a week. No last-minute changes, no surprises at closing.”
Avoided Foreclosure
“My husband got transferred to Dallas and we had about three weeks to figure out the house. A friend told us about EasyOffer. They gave us a cash offer that same afternoon and worked around our move date. We closed 11 days later without having to do a single showing or open house.”
Job Relocation