Grocery and Convenience Store
For Sale
$425,000
2966 CARNES Ave, Memphis, TN 38111
Commercial/Industrial, Memphis, TN
Property SizeContact for details
Days on Market61
Property Features for 2966 CARNES Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
SPEED
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
877
Building Details
Year built
1924
Listing Agency:
Keller Williams · Keller Williams Realty
(901) 261-7900
Listed By:
Lee Williams
(901) 871-4816
Added: Aug 14
Changed: Sep 30
Last Checked: Oct 13 at 12:06AM
MLS# 10228482
Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial building dates to 1924 and is being offered in its current condition, with no repairs planned by the seller. The property includes a second lot that may support future construction, subject to applicable requirements.
Located at 2966 Carnes Ave in Memphis, Tennessee, the property is within an opportunity zone. The offering is classified for grocery and convenience store use and is being sold as-is. The 1924 construction date, separate additional lot, and existing commercial structure define the principal physical facts available for evaluation.
Located at 2966 Carnes Ave in Memphis, Tennessee, the property is within an opportunity zone. The offering is classified for grocery and convenience store use and is being sold as-is. The 1924 construction date, separate additional lot, and existing commercial structure define the principal physical facts available for evaluation.
Key Highlights
- 1924 construction date
- Second lot included with the property
- Located within an opportunity zone
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Family Dollar
Shops & Services
5,942 visits/mo
0.3 miles
Marathon Petroleum
Shops & Services
4,128 visits/mo
0.4 miles
Church's Chicken
Dining
4,095 visits/mo
0.3 miles
Demographics for 38111, TN
40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
Median Home Value
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Market
Vacancy Rate% for Retail in Memphis, TN
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Similar Off Market Nearby
- Foodtown Grocery — 458 Buntyn St, Memphis, TN 38111
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Existing commercial structure includes an additional lot and is offered in its current condition.
Where is this grocery and convenience store located?
The property is located at 2966 CARNES Ave Memphis, TN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1924 construction date; Second lot included with the property; Located within an opportunity zone
