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3635 Lamar Ave
Memphis, TN 38118
Retail Property For Sale
Executive Summary
Property sold with lease in place until January 2029
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,188 SF
Building Class
C
Year Built
1964
Price
$378,988 CAD
Price Per SF
$173.21 CAD
Cap Rate
10.91%
NOI
$41,344 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.36 AC
Zoning
CMU 3 - The CMU-3 District is intended to accommodate a very board range of high intensity commercial, office and employment uses that require highly visible
Parking
80 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
132’ on Lamar Ave
Amenities
- Bus Line
- Corner Lot
- Restaurant
- Signage
Property Taxes
| Parcel Number | 07-3002-0-0026 | Improvements Assessment | $70,230 CAD |
| Land Assessment | $25,578 CAD | Total Assessment | $95,808 CAD |
Property Taxes
Parcel Number
07-3002-0-0026
Land Assessment
$25,578 CAD
Improvements Assessment
$70,230 CAD
Total Assessment
$95,808 CAD
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