3393-3437 Summer Ave - Storefront FOR SALE


Memphis, TN 38122- Berclair
$1,400,000 USD
901-526-3100
3393-3437 Summer Ave, Memphis, TN for Sale
$1,400,000 USD
Storefront - FOR SALE
1/11
null | Request Cap Rate

3393-3437 Summer Ave
Memphis, TN 38122
Berclair


OVERVIEW

Total Square Footage: 23,000 SF Total Acres: 2.64 AC Retail Redevelopment Opportunity 3393-3437 Summer Avenue and 610 National Street 3 parcels consisting of 6 retail bays, 2 freestanding flex buildings, and additional land for future out parcel development Located in opportunity zone New roof in 2021 Parking lot resealed in 2024 Stabilized cap rate of 11.21% after lease up 1 tenant currently in place After new Owner completes improvements, property will easily lease up to 100% Occupancy. Major road improvements at Summer Ave and National St Asking price: $1,400,000

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$61 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

104

LAND DETAILS

LAND ACRES

2.64 AC

LAND SF

114,998 SF

ZONING

CMU-3

APN/PARCEL ID

04-4040-0-0001C,04-4040-0-0034C,04-4040-0-0039

ASK ABOUT THIS PROPERTY

Brian CaliffNAI Saig CompanyMore Info
901-526-3100

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Brian CaliffNAI Saig CompanyMore Info
901-526-3100

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