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Freestanding building at Summer and National 3380 Summer Ave 7,812 SF Retail Building Memphis, TN 38122 $325,000 ($41.60/SF)

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Investment Highlights

  • DISCLOSURE: There are known environmental issues on this site. Please contact the agent for more important information.
  • Corner lot at Summer and National
  • Unbeatable traffic counts on Summer Ave (23,281 VPD) and Sam Cooper Hwy (42,394 VPD)
  • Priced to sell!
  • Zoned Mixed Use

Executive Summary

The owners of this property have done some remediation on environmental issues over the years. We recommend a thorough investigation with an environmental engineer regarding future uses and programs for this property. The property is priced to sell based on environmental issues.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,812 SF
Building Class
B
Year Built
1922
Price
$325,000
Price Per SF
$41.60
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.37 AC
Zoning
MU - Mixed Use - Incorporates a variety of uses! Please refer to the Zoning Chart to see all permitted uses.
Parking
20 Spaces (2.56 Spaces per 1,000 SF Leased)
Frontage
100’ on Summer

Amenities

  • Bus Line
  • Corner Lot
  • Signage
  • Signalized Intersection
  • Air Conditioning

Nearby Major Retailers

Simmons Bank
Truist

Property Taxes

Property Taxes

Parcel Number
03-8036-0-0018C
Land Assessment
$41,400
Improvements Assessment
$113,000
Total Assessment
$154,400
  • Listing ID: 34823537

  • Date on Market: 2/13/2025

  • Last Updated:

  • Address: 3380 Summer Ave, Memphis, TN 38122

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