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Retail Space on Corner Lot
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2320 Lamar Avenue, Memphis, TN 38114

2,400 SF retail space at a signalized intersection.

Property Size2,400 SF
Days on Market148

Property Features for 2320 Lamar Avenue

General Information

Standard status Active
Size 2,400 SF
Property subtype Shopping Center or Multi-Tenant Building
Listing Agency:
Listed By: Shawn Massey, CCIM, CRRP, ALC
Source: Tscg
Added: Mar 6 Changed: Jul 6 Last Checked: Jul 31 at 4:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shawn Massey, CCIM, CRRP, ALC

Investment Insights

Based on property information with market context.

This 2,400 square foot retail space is available for lease. It is located on the corner of a signalized intersection at the intersection of Lamar Avenue and Airways Boulevard. Recent parking additions have been made in the front of the building. Traffic counts indicate 25,819 AADT on Lamar Avenue and 24,165 AADT on Airways Boulevard.

Key Highlights

  • Signalized corner location at the intersection of Lamar Avenue and Airways Boulevard
  • High traffic counts: Lamar Avenue (25,819 AADT) and Airways Boulevard (24,165 AADT)
  • 2,400 SF available for lease

Property Analytics

Current Use

All Memphis Same ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Dental Office Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

491
Businesses Nearby
80k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 51% Shops & Services 44% Electronics 5%
McDonald's Dining
19,587 visits/mo 0.4 miles
Popeyes Louisiana Kitchen Dining
9,100 visits/mo 0.1 miles
Burger King Dining
8,132 visits/mo 0.4 miles
BP Shops & Services
7,393 visits/mo 0.2 miles
Dollar General Shops & Services
6,371 visits/mo 0.1 miles

Demographics for 38114, TN

23,559
Population
12,252
Households
1.9
Avg Household Size
38
Median Age
14%
College-Educated
82%
High-School Grad
7.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$32,080
Median Household Income
$28,570
Median Earnings
$897
Median Rent
$79,000
Median Home Value

Market

Lease Benchmarks for Memphis, TN

$18 /SF/Yr
Avg Asking Price
$6–$36 /SF/Yr
Price Range
34,318 SF
Avg Space Size

Vacancy Rate% for Retail in Memphis, TN

6.5% 2019
6.9% 2020
6.3% 2021
4.9% 2022
5% 2023
5.2% 2024
6.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - 2,400 SF retail space at a signalized intersection.
Where is this retail space located?
The property is located at 2320 Lamar Avenue Memphis, TN.
What are key features of this property?
This property features: Signalized corner location at the intersection of Lamar Avenue and Airways Boulevard; High traffic counts: Lamar Avenue (25,819 AADT) and Airways Boulevard (24,165 AADT); 2,400 SF available for lease
More about this property
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