2754-2760 Lamar Ave - Freestanding FOR SALE


Memphis, TN 38114
$1,200,000 USD
901-351-5595
2754-2760 Lamar Ave, Memphis, TN for Sale
$1,200,000 USD
Freestanding - FOR SALE
1/10
null | Request Cap Rate

2754-2760 Lamar Ave
Memphis, TN 38114


HIGHLIGHTS

  • For Sale For Lease
  • Nearby tenants include: Family Dollar, Exxon, BP
  • Access to HWY-78

OVERVIEW

This 35, 370 square feet shopping center abounds with upside potential. With Family Dollar as the anchor tenant, investors can take advantage of the opportunity to fill in vacancies with new tenants, including 3 retail suites and one free-standing 2ndgeneration restaurant with potential to convert it to a Quick-Service Restaurant with a Drive-Thru. Strategically located on Lamar Avenue (South of Memphis) garnering on average 35,000 vehicles per day, this Memphis Commons Shopping Center is ideal for investors seeking to capitalize on a high traffic area with easy access to major area attractions: 10 +/- minutes from Memphis International Airport, 7 +/- minutes from University of Memphis, and 5 +/- minutes from Memphis Depot Industrial Park.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$23 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Memphis Commons

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

264

LAND DETAILS

LAND ACRES

3.54 AC

LAND SF

154,202 SF

ZONING

CMU-3

APN/PARCEL ID

04-7073-0-0029

ASK ABOUT THIS PROPERTY

Melanie MyersMyers Commercial Real EstateMore Info
901-351-5595

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Melanie MyersMyers Commercial Real EstateMore Info
901-351-5595

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.