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East Memphis Shopping Center Space
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4986 Park Ave, Memphis, TN 38117

Located in the desirable east Memphis area on Park Avenue.

Space Size1,311 SF
Property Size6,555 SF
Days on Market1093

Property Features for 4986 Park Ave

General Information

Standard status Active
Size 1,311 SF
Property subtype Retail

Building Details

Building Size 6,555 SF
Tenancy Multiple

Spaces For Lease

at 4986 Park Ave Contact us

Available Restaurant space 1

Size
1,311 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: HCI Realty LLC
Listed By: Josh Holcombe · License #TN 324587
Source: Crexi
Added: Aug 28, 2023 Changed: Aug 23 Last Checked: Aug 23 at 6:42PM

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 HCI Realty LLC

Investment Insights

Based on property information with market context.

Park Crossing Shopping Center is located in the east Memphis area along Park Avenue, situated at the corner of Park Avenue and Mt. Moriah/Mendenhall Road. It is located across from the renovated East Gate Shopping Center, which houses national retailers, and one block from Poplar Avenue.

Key Highlights

  • Located in the desirable east Memphis area.
  • Situated on the high‑traffic corner of Park Ave and Mt. Moriah/Mendenhall Rd.
  • Across from the newly renovated East Gate shopping center with national retailers.

Property Analytics

Current Use

Wireless City Mobile Phone Store

Suggested Use

Top Pick Building Supply Storage Facility Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Plumbing Service

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

2,217
Businesses Nearby
469k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 33% Groceries 23% Apparel 17% Dining 15%
T.J. Maxx Apparel
52,314 visits/mo 0.2 miles
Five Below Shops & Services
50,404 visits/mo 0.2 miles
Whole Foods Market Groceries
45,459 visits/mo 0.5 miles
Kroger Groceries
44,806 visits/mo 0.2 miles
The Home Depot Home Improvements & Furnishings
42,869 visits/mo 0.3 miles

Demographics for 38117, TN

27,138
Population
12,045
Households
2.3
Avg Household Size
40
Median Age
60%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
2,887
Density / Sq Mi
$93,688
Median Household Income
$52,596
Median Earnings
$1,353
Median Rent
$287,500
Median Home Value

Market

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
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Williamsburg Village 688 S Mendenhall Rd, Memphis, TN 38117
  • White Oak Shopping Center 681 S White Station Rd Suite 105, Memphis, TN 38117
  • The Park Cosmoroma 5059 Park Ave, Memphis, TN 38117
  • Erinway Shopping Center 4840 Poplar Ave, Memphis, TN 38117
  • Coinstar Kiosk | Bitcoin ATM Kroger - Delta, 799 Truse Pkwy, Memphis, TN 38117

Frequently Asked Questions

What type of property is this?
Shopping center - Located in the desirable east Memphis area on Park Avenue.
Where is this shopping center located?
The property is located at 4986 Park Ave Memphis, TN.
What are key features of this property?
This property features: Located in the desirable east Memphis area.; Situated on the high‑traffic corner of Park Ave and Mt. Moriah/Mendenhall Rd.; Across from the newly renovated East Gate shopping center with national retailers.
More about this property
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