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Grocery and Convenience Store
For Sale
$425,000

2966 CARNES Ave, Memphis, TN 38111

Commercial/Industrial, Memphis, TN

Property SizeContact for details
Days on Market12

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
Listed By: Lee Williams
Added: Aug 14 Changed: Aug 25 Last Checked: Aug 25 at 5:06PM
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 grocery and convenience store at 2966 CARNES Ave in Memphis, Tennessee, was built in 1924 and includes appliances. The property is offered in as-is condition, with no repairs to be completed by the seller.

Key Highlights

  • Appliances included with the property
  • Built in 1924
  • Sale is offered as‑is

Property Analytics

Current Use

Zak Groceries Grocery & Convenience Store

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Skin Care Clinic Pharmacy

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

313
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use

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

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
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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 appliances are included with the sale.
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: Appliances included with the property; Built in 1924; Sale is offered as‑is
More about this property
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