Retail
For Lease
Contact for pricing
2985-2989 Lamar Ave, Memphis, TN 38114
For-rent retail building at 2985-2989 Lamar Ave, positioned for retail and street retail use.
Property Size12,000 SF
Days on Market809
Property Features for 2985-2989 Lamar Ave
General Information
Standard status
Active
Size
12,000 SF
Net Rentable
24,806 SF
Property subtype
RETAIL
Lease Type
SF/yr
Space & Availability
Available Space
24,806 SF
Contiguous Space
24,806 SF
Space Use
Retail
Building Details
Building Size
24,806 SF
Listing Agency:
NAI Saig Company - Memphis
(901) 526-3100
Listed By:
Brian Califf · License ##299669
(901) 526-3100
Source:
Moodyscre
Added: May 15, 2024
Changed: Jul 30
Last Checked: Jul 31 at 8:09AM
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 for-rent retail building at 2985-2989 Lamar Ave, Memphis, TN 38114 is presented as a fit for retail and street retail investors. The offering emphasizes ample indoor space and visibility intended to support a variety of retail businesses.
The property is marketed as an opportunity to secure a commercial asset in a sought-after area of Memphis. The current presentation focuses on the building’s retail orientation and its suitability for operators seeking a strategic address with strong street presence.
The property is marketed as an opportunity to secure a commercial asset in a sought-after area of Memphis. The current presentation focuses on the building’s retail orientation and its suitability for operators seeking a strategic address with strong street presence.
Key Highlights
- For rent retail building at 2985‑2989 Lamar Ave, Memphis, TN 38114
- Marketed for retail and street retail investors
- Positioned to support retail businesses seeking strong street presence
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
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
Lease Benchmarks for Memphis, TN
$18 /SF/Yr
Avg Asking Price
$6–$36 /SF/Yr
Price Range
34,318 SF
Avg Space Size
This space is priced 56% below the average of $18 /SF/Yr.
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For-rent retail building at 2985-2989 Lamar Ave, positioned for retail and street retail use.
Where is this retail space located?
The property is located at 2985-2989 Lamar Ave Memphis, TN.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: For rent retail building at 2985‑2989 Lamar Ave, Memphis, TN 38114; Marketed for retail and street retail investors; Positioned to support retail businesses seeking strong street presence
