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    2877 Lamar Ave Memphis, TN 38114

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    For Sale
    Contact for pricing

    16,706 SF former grocery store on 2.5 acres.

    Property size:
    16,706 SF
    Lot size:
    2.45 Acres

    Property Features for 2877 Lamar Ave

    General Information

    Size
    16,706 SF
    Lot size
    2.45 Acres

    Source: Cushman & Wakefield | Commercial Advisors - Memphis Agent Carson Claybrook

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

    Overview

    Former Grocery Store For Sale

    This is a 16,706 square foot former grocery store constructed in 2007. The property is situated on a 2.5-acre lot and is zoned CMU-1. Traffic counts on Lamar Avenue are 25,763 vehicles per day.
    Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9674441
    Latitude
    35.0910138

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    FAQs

    What type of property is this?
    Grocery and convenience store - 16,706 SF former grocery store on 2.5 acres.
    Where is this grocery and convenience store located?
    The property is located at 2877 Lamar Ave Memphis, TN.
    What are key features of this property?
    This property features: - High Traffic Counts: 25,763 VPD on Lamar Ave; - Large Building Size: 16,706 SF; - Ample Land: 2.5 Acres
    (901) 252-6483
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    Memphis, TN 38114
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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
    2877 Lamar Ave Memphis, TN 38114
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