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    2850 Lamar Ave Memphis, TN 38114

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    For Lease
    $190,000

    Freestanding 4,888 SF former restaurant available for lease.

    Property size:
    4,888 SF
    Lot size:
    0.84 Acres

    Property Features for 2850 Lamar Ave

    General Information

    Size
    4,888 SF
    Lot size
    0.84 Acres

    Source: Avison Young | Memphis Agent James H. McCraw

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

    Overview

    Former Restaurant on Corner Lot

    This is a 4,888 square foot freestanding building, formerly a restaurant, available for lease. The property is located on a 0.828-acre lot at the corner of Lamar Avenue and Filmore Avenue. This property presents a value-add opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    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
    -89.9669475
    Latitude
    35.0920002

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    FAQs

    What type of property is this?
    Turn key restaurant - Freestanding 4,888 SF former restaurant available for lease.
    Where is this turn key restaurant located?
    The property is located at 2850 Lamar Ave Memphis, TN.
    What are key features of this property?
    This property features: - Freestanding building; - Value add opportunity; - 4,888 sf former restaurant
    (901) 590-9997
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    2850 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
    2850 Lamar Ave Memphis, TN 38114
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