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4069-4111 Summer Ave
Memphis, TN 38122
French Village Square - Memphis, TN · Retail Property For Sale
Investment Highlights
- 100% Occupied Dollar General Anchored "Daily Needs" Retail Center; Priced Significantly Below Replacement Cost ($97 PSF)
- Strategically Positioned on Summer Avenue (25,290 CPD) with Proximity to I-240 (150,155 CPD) and I-40 (108,500 CPD)
- Dense, Infill Location; 230,353 People Within a 5-Mile Radius
- Upside Potential: The subject property has a 10,106-square-foot second-story office space that is already subdivided into individual office suites
- Excellent Accessibility, Visibility, and Building Layout Parallel to Summer Avenue: The property has three points of ingress/egress along Summer Ave
- 2.5 Miles North of the University of Memphis (21,600+ Students, 2,500+ Employees)
Property Facts
Property Type
Retail
Building Size
40,614 SF
Building Class
B
Year Built
1972
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
3.39 AC
Zoning
CMU-3 - Commercial Services Zoning
Parking
248 Spaces (4.91 Spaces per 1,000 SF Leased)
Frontage
1’ on Summer Ave
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 05-5001-0-0085 | Improvements Assessment | $1,345,240 |
| Land Assessment | $294,520 | Total Assessment | $1,639,760 |
Property Taxes
Parcel Number
05-5001-0-0085
Land Assessment
$294,520
Improvements Assessment
$1,345,240
Total Assessment
$1,639,760
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