Memphis residents will soon have more retail options to enjoy on Poplar. A half-acre lot, where the Value Brakes location at 3341 Poplar Avenue used to stand, will soon be re-imagined for new businesses and storefronts. The building has already been demolished by work crews, leaving a blank slate for the developers to bring new life into the area.
With great potential for foot and drive-by traffic, and proximity to the University of Memphis, this lot holds great potential for new businesses and established chains.
Rasberry CRE, Real Estate Brokerage and Development is handling the development and working on getting approval for retail right now. Rasberry CRE prides itself on developing unique properties for small businesses, meaning residents might see local businesses growing into this large space.
The lead broker on this project has been one of the top (re)developers in Cooper Young and Midtown, and is clearly ready for another challenge with creating an all new space. The beauty of the vacant half-acre is that businesses who strike early could have a chance to shape the building itself. The opportunity to influence commercial space does not come too often for those opening metropolitan businesses, making this property all the more exciting.
Memphis residents already enjoy a variety of one-of-a-kind eateries, galleries, and shops, but a creative spirit could bring life to this empty lot. Even in these early stages, potential businesses are reaching out for information on leasing and buying opportunities for this location.
Initial plans for development may include a new building of up to 4,000 square feet with the possibility of drive-through service. At this point, no plans have been finalized.
For now, Memphis locals will have to wait and see what happens next on Poplar.
About the author: Patty Brooke White is a University of Michigan graduate. She has 10 years of experience in real estate as a writer, leasing agent, and manager. She currently works as a freelance writer, specializing in real estate and non-profit organizational development. To contact Patty, send her an email to [email protected]