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3515 Summer Ave 1,943 SF Office Building Memphis, TN 38122 $350,000 ($180.13/SF)



Investment Highlights
- 10 Private Rooms with Multi-Suite Income Potential
- Prime Summer Avenue Location
- Flexible Owner-User or Value-Add Opportunity
Executive Summary
3515 Summer Avenue | Unique Mixed-Use & Private Suite Investment Opportunity
Located along Memphis’ established Summer Avenue commercial corridor, 3515 Summer Avenue presents a unique opportunity for an owner-user or investor seeking a property with a highly adaptable existing layout and compelling income-producing potential.
The 1,943 SF commercial mixed-use property features 10 private single rooms, office space, a full kitchen, and two bathrooms. Unlike a traditional open commercial space, the existing configuration provides an opportunity to utilize the property as-is or reposition it with potentially limited build-out requirements.
One potential investment strategy is the creation of individually leased private suites for beauty, wellness, and business professionals. The existing 10-room layout could potentially accommodate a mix of salon or barber suites, estheticians, massage professionals, lash and brow professionals, and independent professional office users. This concept could allow an investor to generate multiple rental income streams within a single property, while the kitchen, bathrooms, and common areas provide valuable shared amenities.
The property is fully fenced, offering additional privacy and security, and is zoned Commercial Mixed Use – 3, providing flexibility for a variety of potential commercial and service-oriented uses, subject to applicable zoning, licensing, and governmental approvals.
Situated approximately 8 miles from Downtown Memphis, the property offers convenient access to shopping, dining, businesses, services, and major Memphis thoroughfares.
Whether utilized by an owner-user, converted into a private-suite business model, or repositioned for another commercial use, 3515 Summer Avenue offers a distinctive opportunity to capitalize on an existing multi-room configuration in a well-established Memphis commercial corridor.
Prospective buyers should independently verify zoning, licensing, permitted uses, occupancy requirements, and any governmental approvals required for their intended use.
Please note that some doorways shown on the floor plan are currently configured with sliding doors, which were installed to accommodate the operational needs of the previous business. These openings may potentially be modified or converted to traditional doors as part of a future renovation, depending on the buyer’s intended use and applicable building requirements.
Conceptual Rendering Disclaimer: Certain photos shown have been AI-generated or digitally enhanced to illustrate the property's potential following renovation or updates. The property is currently in its existing condition and may differ significantly from these conceptual images. Renderings are provided for example and visualization purposes only and are not intended to represent the property's current condition, included improvements, or a guarantee of future results. Buyers should rely on actual property photographs, inspections, and independent due diligence when evaluating the property.
Located along Memphis’ established Summer Avenue commercial corridor, 3515 Summer Avenue presents a unique opportunity for an owner-user or investor seeking a property with a highly adaptable existing layout and compelling income-producing potential.
The 1,943 SF commercial mixed-use property features 10 private single rooms, office space, a full kitchen, and two bathrooms. Unlike a traditional open commercial space, the existing configuration provides an opportunity to utilize the property as-is or reposition it with potentially limited build-out requirements.
One potential investment strategy is the creation of individually leased private suites for beauty, wellness, and business professionals. The existing 10-room layout could potentially accommodate a mix of salon or barber suites, estheticians, massage professionals, lash and brow professionals, and independent professional office users. This concept could allow an investor to generate multiple rental income streams within a single property, while the kitchen, bathrooms, and common areas provide valuable shared amenities.
The property is fully fenced, offering additional privacy and security, and is zoned Commercial Mixed Use – 3, providing flexibility for a variety of potential commercial and service-oriented uses, subject to applicable zoning, licensing, and governmental approvals.
Situated approximately 8 miles from Downtown Memphis, the property offers convenient access to shopping, dining, businesses, services, and major Memphis thoroughfares.
Whether utilized by an owner-user, converted into a private-suite business model, or repositioned for another commercial use, 3515 Summer Avenue offers a distinctive opportunity to capitalize on an existing multi-room configuration in a well-established Memphis commercial corridor.
Prospective buyers should independently verify zoning, licensing, permitted uses, occupancy requirements, and any governmental approvals required for their intended use.
Please note that some doorways shown on the floor plan are currently configured with sliding doors, which were installed to accommodate the operational needs of the previous business. These openings may potentially be modified or converted to traditional doors as part of a future renovation, depending on the buyer’s intended use and applicable building requirements.
Conceptual Rendering Disclaimer: Certain photos shown have been AI-generated or digitally enhanced to illustrate the property's potential following renovation or updates. The property is currently in its existing condition and may differ significantly from these conceptual images. Renderings are provided for example and visualization purposes only and are not intended to represent the property's current condition, included improvements, or a guarantee of future results. Buyers should rely on actual property photographs, inspections, and independent due diligence when evaluating the property.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
1,943 SF
Building Class
B
Year Built
1962
Price
$350,000
Price Per SF
$180.13
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,943 SF
Building FAR
0.26
Lot Size
0.17 AC
Zoning
C-H
Parking
10 Spaces (5.15 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 04-4088-0-0003 | Improvements Assessment | $130,300 |
| Land Assessment | $39,500 | Total Assessment | $169,800 |
Property Taxes
Parcel Number
04-4088-0-0003
Land Assessment
$39,500
Improvements Assessment
$130,300
Total Assessment
$169,800
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Photos
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Map
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Contact the Sale Advisor
3515 Summer Ave
