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Commerce Center Building One 3796 Lamar Ave 276,230 SF Vacant Office Building Memphis, TN 38118 $1,900,000 ($6.88/SF)
EXECUTIVE SUMMARY
The Commerce Center, a 33-acre office campus that includes 313,000+/- square feet of space divided into 3 buildings, located .5 miles from Memphis international Airport on I-22 and 1 mile south of the I-22 / I-240 interchange and just over 3 miles to the BNSF rail yard. Makes for a perfect location with all 3 major transportation modes close by.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Distress Sale
Property Type
Office
Building Size
276,230 SF
Building Class
B
Year Built/Renovated
1966/1994
Price
$1,900,000
Price Per SF
$6.88
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
92,076 SF
Slab To Slab
12’
Building FAR
0.19
Lot Size
33.17 AC
Zoning
CMU-2 - Commercial
Parking
1,100 Spaces (4.05 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 07-3012-0-0018C | Improvements Assessment | $40 |
| Land Assessment | $239,960 | Total Assessment | $240,000 |
PROPERTY TAXES
Parcel Number
07-3012-0-0018C
Land Assessment
$239,960
Improvements Assessment
$40
Total Assessment
$240,000
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Commerce Center Building One | 3796 Lamar Ave
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