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3360-3362 Summer Ave 23,653 SF Retail Building Memphis, TN 38122 $1,650,000 ($69.76/SF)
Investment Highlights
- Large lot at almost 2 ACRES
- New roof 2022.
- Potential to repurpose to multi tenant Retail bays
Executive Summary
Great location on the high traffic corridor of Summer Avenue.
Building currently a furniture showroom but could be easily converted to multiple retail bays.
New roof 2022.
Large lot at almost 2 acres.
Building currently a furniture showroom but could be easily converted to multiple retail bays.
New roof 2022.
Large lot at almost 2 acres.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
23,653 SF
Building Class
C
Year Built
1950
Price
$1,650,000
Price Per SF
$69.76
Tenancy
Single
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.28
Lot Size
1.93 AC
Zoning
CH
Parking
150 Spaces (6.34 Spaces per 1,000 SF Leased)
Frontage
291’ on Summer Ave
Amenities
- Bus Line
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Furniture Central
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Furniture Central | Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-8036-0-0022C | Improvements Assessment | $356,240 |
| Land Assessment | $170,080 | Total Assessment | $526,320 |
Property Taxes
Parcel Number
03-8036-0-0022C
Land Assessment
$170,080
Improvements Assessment
$356,240
Total Assessment
$526,320
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3360-3362 Summer Ave
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