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Retail Space Building with Street-Level Visibility
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2985-2989 Lamar Ave, Memphis, TN 38114

Retail space building at 2985-2989 Lamar Ave in Memphis, sized at 24,806 SF for retail and street-retail use.

Property Size24,806 SF
Days on Market817

Property Features for 2985-2989 Lamar Ave

General Information

Standard status Active
Size 24,806 SF
Property subtype RETAIL
Listing Agency: NAI Saig Company - Memphis
Listed By: Brian Califf · License ##299669
Source: Moodyscre
Added: May 15, 2024 Changed: Jul 30 Last Checked: Aug 8 at 1:11PM

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 NAI Saig Company - Memphis

Investment Insights

Based on property information with market context.

This retail space building at 2985-2989 Lamar Ave (also described as 2983-2995 Lamar Ave) in Memphis, Tennessee offers 24,806 SF of space designed to support retail operations and street-retail concepts. The property is positioned for visibility along Lamar Ave, making it a fit for retailers seeking prominent frontage.

The building’s size provides flexibility for a range of retail layouts, and it’s presented as an option for retail and street retail investors looking for a Memphis-area location.

For buyers or tenants evaluating storefront-oriented space, this offering combines a substantial building footprint with street-level emphasis on Lamar Ave to support retail programming.

Key Highlights

  • 24,806 SF retail space building
  • Street retail and retail use focus
  • Address: 2985‑2989 Lamar Ave, Memphis, TN 38114

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Gym & Fitness Center

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

Location Intelligence

Trade Area within ½ mile

357
Businesses Nearby
68k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 73% Apparel 22% Electronics 3% Dining 2%
BP Shops & Services
11,145 visits/mo 0.1 miles
Dollar Tree Shops & Services
9,683 visits/mo 0.1 miles
Family Dollar Shops & Services
8,114 visits/mo 0.2 miles
Dollar General Shops & Services
6,755 visits/mo 0.2 miles
Mobil Shops & Services
5,815 visits/mo 0.0 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

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 - Retail space building at 2985-2989 Lamar Ave in Memphis, sized at 24,806 SF for retail and street-retail use.
Where is this retail space located?
The property is located at 2985-2989 Lamar Ave Memphis, TN.
What are key features of this property?
This property features: 24,806 SF retail space building; Street retail and retail use focus; Address: 2985‑2989 Lamar Ave, Memphis, TN 38114
(901) 526-3100 Call to check price and availability
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