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3231 Summer Ave 5,003 SF Retail Building Memphis, TN 38112 $171,870 CAD ($34.35 CAD/SF)
Investment Highlights
- SHELL condition with exposed Brick/Block
- reDevelopment potential
Executive Summary
empty Shell condition RETAIL and/or Office with large rear Paved Lot
on .296 acre (71' X 183')
ready for reDevelopment for any use permitted in CMU-1 present Zoning
Sold in AS IS & WHERE IS existing condition only
ALL CASH at Closing
commercial real estate memphis
tuckerbeck.com
tbeck@crye-leike.com
9013781300
on .296 acre (71' X 183')
ready for reDevelopment for any use permitted in CMU-1 present Zoning
Sold in AS IS & WHERE IS existing condition only
ALL CASH at Closing
commercial real estate memphis
tuckerbeck.com
tbeck@crye-leike.com
9013781300
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
5,003 SF
Building Class
C
Year Built
1940
Price
$171,870 CAD
Price Per SF
$34.35 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
CMU-1 - Commercial Multi Use-1
Parking
10 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
45’ on Summer Ave
Amenities
- Bus Line
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-4037-0-0004C | Improvements Assessment | $3,407 CAD |
| Land Assessment | $37,695 CAD | Total Assessment | $41,102 CAD |
Property Taxes
Parcel Number
04-4037-0-0004C
Land Assessment
$37,695 CAD
Improvements Assessment
$3,407 CAD
Total Assessment
$41,102 CAD
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3231 Summer Ave
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