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    2985-2989 Lamar Ave Memphis, TN 38114

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    For Lease
    $8 SF/Yr ($8,000 /Mo)

    24,806 SF building ideal for retail investment.

    Property size:
    12,000 SF
    Lot size:
    2.93 Acres

    Property Features for 2985-2989 Lamar Ave

    General Information

    Size
    12,000 SF
    Lot size
    2.93 Acres

    Source: NAI Saig Company - Memphis Agent Brian Califf

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

    Overview

    Retail Space in Memphis, TN

    Located at 2983-2995 Lamar Ave in Memphis, TN, this 24,806 square-foot building presents an investment opportunity. The property is suitable for retail and street retail investors. It offers space and visibility for retail businesses. The available space for rent is 12,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9637142
    Latitude
    35.0869474

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    FAQs

    What type of property is this?
    Retail space - 24,806 SF building ideal for retail investment.
    Where is this retail space located?
    The property is located at 2985-2989 Lamar Ave Memphis, TN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - 24,806 SF building offers ample space.; - Ideal location for retail and street retail investors.; - Prime visibility.
    (901) 526-3100
    Request Owner's contact information
    2985-2989 Lamar Ave Memphis, TN 38114
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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
    2985-2989 Lamar Ave Memphis, TN 38114
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