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5221 Summer Ave 5,967 SF Retail Building Memphis, TN 38122 $567,276 CAD ($95.07 CAD/SF)
Executive Summary
Prime Investment Opportunity. Surrounded by national brands and steady traffic counts, this property delivers strong frontage, easy ingress/egress, and a flexible layout suitable for bar/lounge, restaurant, retail, or service-based operations. The building is currently operating giving buyers an immediate income-producing, turnkey opportunity with established foot traffic.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,967 SF
Building Class
C
Year Built
1966
Price
$567,276 CAD
Price Per SF
$95.07 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.69 AC
Zoning
CMU-3
Parking
50 Spaces (8.38 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-8001-0-0023 | Improvements Assessment | $416,154 CAD |
| Land Assessment | $421,058 CAD | Total Assessment | $837,212 CAD |
Property Taxes
Parcel Number
06-8001-0-0023
Land Assessment
$421,058 CAD
Improvements Assessment
$416,154 CAD
Total Assessment
$837,212 CAD
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5221 Summer Ave
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