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3635 Lamar Ave 2,188 SF Retail Building Memphis, TN 38118 $275,000 ($125.69/SF) 8.73% Cap Rate
Executive Summary
Property sold with lease in place until January 2029
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,188 SF
Building Class
C
Year Built
1964
Price
$275,000
Price Per SF
$125.69
Cap Rate
8.73%
NOI
$24,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.36 AC
Zoning
CMU 3 - The CMU-3 District is intended to accommodate a very board range of high intensity commercial, office and employment uses that require highly visible
Parking
80 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
132’ on Lamar Ave
Amenities
- Bus Line
- Corner Lot
- Restaurant
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-3002-0-0026 | Improvements Assessment | $50,960 |
| Land Assessment | $18,560 | Total Assessment | $69,520 |
Property Taxes
Parcel Number
07-3002-0-0026
Land Assessment
$18,560
Improvements Assessment
$50,960
Total Assessment
$69,520
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3635 Lamar Ave