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2399 Lamar Avenue, Memphis, TN

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2399 Lamar Avenue

Memphis, TN 38114 - Downtown/Midtown Ret Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1957
Building Size:2,002 SF Land Area:.45 AC (19,602 SF)
For Sale Price:$275,000 Price/SF:$137.36
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 9.99/1,000 SF
Features:Bus Line, Signage

Sale Notes:
The building property itself encompasses 10,019 sq.ft..Adjacent to this property is a tract that was purchased for additional parking. It is 9,583 Sq.Ft. and is striped and paved. Both parcels are included in sales price.
The owner has operated this business as a pawn and jewelry store. It remains open thru the end of October 2017. Jewelry display cases, safes and tools will remain until closure.
These items are not included in sales price but, can be bought at a mutually agreed upon price.

Property is also available for Lease at $1,700.00 per month for qualified tenant.

Crye-Leike Commercial
Dean Fowler
(901) 260-4780

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