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Quantum Showroom 5690 Summer Ave 37,928 SF Retail Building Memphis, TN 38134 $4,200,000 ($110.74/SF)
Investment Highlights
- Frontage on US Hwy 70 (Summer Avenue) which TDOT is widening to 7 lanes; average daily vehicle traffic +/- 40,000
- Office area 6,190 sf on 2nd floor is beautifully decorated and can be leased out if not needed
- Warehouse 14,000 sf has 5 O/H doors, (4 dock high @10'x 10', 1 ramp @10' x 14'); 25' clear ht; 22' at eaves, assembly, processing, storage area
- Beautiful 17,738 sf Showroom featuring business segment for kitchen & bath, entry security doors, tile, Andersen windows
- Existing owner will work with buyer of business for period to be negotiated
Executive Summary
Excellent location. 17,738 sf showroom, 14,000 sf warehouse, 6,190 offices (2nd floor) on 2.3 +/- acres
Frontage on US Hwy 70 (Summer Avenue which is being widened to 7 lanes); average daily vehicle traffic +/-40,000 vpd
Convenient to interstate highways I-40, I-55, I-22
Warehouse has 4 10' x 10' dock high overhead doors plus one @ 10' x 14' drive-in door; 25' clear height in center, 22' at eaves
CMU-3 zoning allows many commercial uses...perfect for home improvement superstore (which is current use), distributor, HQ for construction or engineering firm, HVAC distributor, etc
Frontage on US Hwy 70 (Summer Avenue which is being widened to 7 lanes); average daily vehicle traffic +/-40,000 vpd
Convenient to interstate highways I-40, I-55, I-22
Warehouse has 4 10' x 10' dock high overhead doors plus one @ 10' x 14' drive-in door; 25' clear height in center, 22' at eaves
CMU-3 zoning allows many commercial uses...perfect for home improvement superstore (which is current use), distributor, HQ for construction or engineering firm, HVAC distributor, etc
Property Facts
Sale Type
Owner User
Property Type
Building Size
37,928 SF
Building Class
B
Year Built
1983
Price
$4,200,000
Price Per SF
$110.74
Tenancy
Single
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.38
Lot Size
2.30 AC
Zoning
CMU-3 - Designed for major corridors. Uses permitted included
General retail stores
Professional offices
Hospitality
Commercial services
Parking
30 Spaces (0.79 Spaces per 1,000 SF Leased)
Frontage
182’ on Summer Avenue (US Hwy 70)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-8067-0-0011 | Improvements Assessment | $311,320 |
| Land Assessment | $204,200 | Total Assessment | $515,520 |
Property Taxes
Parcel Number
08-8067-0-0011
Land Assessment
$204,200
Improvements Assessment
$311,320
Total Assessment
$515,520
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Quantum Showroom | 5690 Summer Ave