3515 Summer Ave - Office FOR SALE


Memphis, TN 38122- Berclair
$350,000 USD
901-443-5115
3515 Summer Ave, Memphis, TN for Sale
$350,000 USD
Office - FOR SALE
1/26
null | Request Cap Rate

3515 Summer Ave
Memphis, TN 38122
Berclair


HIGHLIGHTS

  • 10 Private Rooms with Multi-Suite Income Potential
  • Flexible Owner-User or Value-Add Opportunity
  • Prime Summer Avenue Location

OVERVIEW

3515 Summer Avenue | Unique Mixed-Use & Private Suite Investment Opportunity Located along Memphis’ established Summer Avenue commercial corridor, 3515 Summer Avenue presents a unique opportunity for an owner-user or investor seeking a property with a highly adaptable existing layout and compelling income-producing potential. The 1,943 SF commercial mixed-use property features 10 private single rooms, office space, a full kitchen, and two bathrooms. Unlike a traditional open commercial space, the existing configuration provides an opportunity to utilize the property as-is or reposition it with potentially limited build-out requirements. One potential investment strategy is the creation of individually leased private suites for beauty, wellness, and business professionals. The existing 10-room layout could potentially accommodate a mix of salon or barber suites, estheticians, massage professionals, lash and brow professionals, and independent professional office users. This concept could allow an investor to generate multiple rental income streams within a single property, while the kitchen, bathrooms, and common areas provide valuable shared amenities. The property is fully fenced, offering additional privacy and security, and is zoned Commercial Mixed Use – 3, providing flexibility for a variety of potential commercial and service-oriented uses, subject to applicable zoning, licensing, and governmental approvals. Situated approximately 8 miles from Downtown Memphis, the property offers convenient access to shopping, dining, businesses, services, and major Memphis thoroughfares. Whether utilized by an owner-user, converted into a private-suite business model, or repositioned for another commercial use, 3515 Summer Avenue offers a distinctive opportunity to capitalize on an existing multi-room configuration in a well-established Memphis commercial corridor. Prospective buyers should independently verify zoning, licensing, permitted uses, occupancy requirements, and any governmental approvals required for their intended use. Please note that some doorways shown on the floor plan are currently configured with sliding doors, which were installed to accommodate the operational needs of the previous business. These openings may potentially be modified or converted to traditional doors as part of a future renovation, depending on the buyer’s intended use and applicable building requirements. Conceptual Rendering Disclaimer: Certain photos shown have been AI-generated or digitally enhanced to illustrate the property's potential following renovation or updates. The property is currently in its existing condition and may differ significantly from these conceptual images. Renderings are provided for example and visualization purposes only and are not intended to represent the property's current condition, included improvements, or a guarantee of future results. Buyers should rely on actual property photographs, inspections, and independent due diligence when evaluating the property.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,362 SF

ZONING

C-H

APN/PARCEL ID

04-4088-0-0003

ASK ABOUT THIS PROPERTY

Brook Loper901 PropertiesMore Info
901-443-5115

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Brook Loper901 PropertiesMore Info
901-443-5115

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