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    3502 Summer Ave Memphis, TN 38122

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    For Lease
    $145 SF/Yr

    Exceptional leasing opportunity in a prominent, accessible location.

    Property size:
    14,490 SF
    Lot size:
    14,490 SF

    Property Features for 3502 Summer Ave

    General Information

    Size
    14,490 SF

    Building Details

    Year built
    2003

    Source: Kelly Fitzgerald Agent Kelly Fitzgerald

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Space For Rent

    Located at 3502 Summer Ave in Memphis, TN, 38122, this property offers a commercial space suitable for various businesses. The location provides high visibility and accessibility, making it attractive to customers. The property features a well-designed layout and a versatile floor plan adaptable to different business needs. Modern amenities and ample parking are available, ensuring convenience for both clients and staff. The property, previously a vacant Walgreens, has a property size of 14,490 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Amani P. Johnsonsinghbarnett, ... Doctor Highland Square Shopping Mall Western Union Money Transfer Service COVID-19 Drive-Thru Testing ... Blood Testing Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    James K. Mc Donald, RPh

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9440405
    Latitude
    35.1500635

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    FAQs

    What type of property is this?
    Drug store - Exceptional leasing opportunity in a prominent, accessible location.
    Where is this drug store located?
    The property is located at 3502 Summer Ave Memphis, TN.
    What is the lease rate?
    The lease rate is $145 SF/Yr.
    What are key features of this property?
    This property features: - Prime commercial space in a prominent location with high visibility.; - Versatile floor plan adaptable for various business needs.; - Ample parking for clients and staff.
    (615) 714-6378
    Request Owner's contact information
    3502 Summer Ave Memphis, TN 38122
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    Memphis, TN 38122
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3502 Summer Ave Memphis, TN 38122
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