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    3132 Park Ave Memphis, TN 38111

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    For Sale
    $95,000

    Commercial building in East Memphis near the University of Memphis.

    Property size:
    1,276 SF
    Lot size:
    0.20 Acres

    Property Features for 3132 Park Ave

    General Information

    Size
    1,276 SF
    Lot size
    0.20 Acres

    Source: Braden, Braden & Braden LLC Agent John Cornes

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

    Overview

    East Memphis Commercial Building Opportunity

    Located in East Memphis near the University of Memphis, this commercial building offers a variety of potential business uses, including daycares, medical offices, retail space, dentist offices, accounting offices, and saloon suites. The building features 7 rooms, including a bathroom, hardwood floors, and central A/H. The property offers an opportunity for customization. The building has a size of 1276 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -89.9581937
    Latitude
    35.1079435

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    FAQs

    What type of property is this?
    Retail space - Commercial building in East Memphis near the University of Memphis.
    Where is this retail space located?
    The property is located at 3132 Park Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: - Prime location in East Memphis near the University of Memphis.; - Versatile commercial building suitable for various businesses such as daycares, medical offices, retail, etc.; - Owner-financing available.
    (901) 268-8333
    Request Owner's contact information
    3132 Park Ave Memphis, TN 38111
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    Memphis, TN 38111
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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
    3132 Park Ave Memphis, TN 38111
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