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Freestanding Retail Space

2245 Lamar Ave, Memphis, TN 38114

For Sale
$700,000

Former Dollar General location built for neighborhood-oriented retail use.

Property SizeContact for details
Days on Market51

Property Features for 2245 Lamar Ave

General Information

Standard status Active

Site & Location

Neighborhood Orange Mound Development Corp.

Building Details

Year Built 2011
Listing Agency: Braden, Braden & Braden LLC
Listed By: Jackie Braden, Curtis Braden
Source: Bryanrealty
Added: Sep 20 Changed: Oct 25 Last Checked: Oct 7 at 1:29PM

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 Braden, Braden & Braden LLC

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Investment Insights

Based on property information with market context.

This retail space is a former Dollar General location constructed in 2011. The property is positioned on Lamar Ave in Memphis, offering an established storefront setting for retail operations.

The available information identifies the asset as retail space and does not provide additional details regarding its size, layout, parking, or current condition.

Key Highlights

  • Former Dollar General retail location
  • Built in 2011
  • Located at 2245 Lamar Ave in Memphis, TN 38114

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Western Union Bank Dollar General Discount Store KeyMe Locksmiths Locksmith

Suggested Use

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

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

493
Businesses Nearby
82k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 52% Shops & Services 44% Electronics 5%
McDonald's Dining
19,587 visits/mo 0.3 miles
Popeyes Louisiana Kitchen Dining
9,100 visits/mo 0.1 miles
Burger King Dining
8,132 visits/mo 0.3 miles
BP Shops & Services
7,393 visits/mo 0.3 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Retail space in Memphis

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Retail space - Former Dollar General location built for neighborhood-oriented retail use.
Where is this retail space located?
The property is located at 2245 Lamar Ave Memphis, TN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Former Dollar General retail location; Built in 2011; Located at 2245 Lamar Ave in Memphis, TN 38114
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