Retail or Office For Lease

Retail-Commercial for Sale
Catylist Listing ID: 30296501
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 41,661 SF
Sale Price: $1,450,000
Unit Price: $34.80 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Average Occupancy Rate: 85
Last Updated: 9/14/2018

Overview / Comments

Vibrant strip center on HIGHLY trafficked Summer Avenue. Back parking lot was recently repaved and restriped. AMPLE parking in rear. Store frontages have Summer sidewalk access as well as rear access. SO much activity going on in this neighborhood right now!

Additional Details

Nearest MSA: Memphis
County: Shelby
Taxing Authority: Shelby County
Tax ID/APN: 044040 00001C
Zoning: CMU-3
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Summer
Airports: MEM
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1925
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: CMU-3
Legal Description: 399.79/199.52X299.58IRR/29

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,514 111,274 291,809
Median Age: 33.31 34.41 35.55
Households: 6,700 45,410 117,795


Photograph of Listing Agent

Jeff Waddell

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