3078-3086 Summer Ave - Freestanding FOR SALE


Memphis, TN 38112- Binghampton
$800,000 USD
901-483-9974
3078-3086 Summer Ave, Memphis, TN for Sale
$800,000 USD
Freestanding - FOR SALE
1/15
null | Request Cap Rate

3078-3086 Summer Ave
Memphis, TN 38112
Binghampton


OVERVIEW

Introducing an outstanding investment opportunity in Memphis, Tennessee! Welcome to Summer Avenue Retail Center at 3078-3086 Summer Ave, a thriving property with 100% occupancy and a solid NOI of $72,000 annually. This 9,787 SF retail center boasts a prime location on Summer Ave with high visibility (22,500+ VPD) and is just a stone's throw away from the vibrant Broad Avenue Arts District. Offering a strong cap rate of 9%, this property features three dock doors, ample parking with 15 spaces, and a desirable lease type of NNN. With a lot size of .24 acres and fantastic amenities like storefront parking and an iron fence for security, this charming retail center presents an excellent opportunity for investors. Don't miss the chance to own a piece of Memphis real estate in a rapidly growing area. Contact us today for more information and to seize this lucrative investment opportunity!

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1942

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

CROSS STREETS

Baltic St

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

CH

APN/PARCEL ID

05-2092-0-0034C

ASK ABOUT THIS PROPERTY

Brown GillGill Properties, Inc.More Info
901-483-9974

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Brown GillGill Properties, Inc.More Info
901-483-9974

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