Retail
2985-2989 Lamar Ave, Memphis, TN 38114
For Lease
Contact for pricing
For-rent retail building at 2985-2989 Lamar Ave, positioned for retail and street retail use.
Space Size12,000 SF
Property Size24,806 SF
Days on Market909
Property Features for 2985-2989 Lamar Ave
General Information
Standard status
Size
Net Rentable
Property subtype
Lease Type
Space & Availability
Available Space
Contiguous Space
Space Use
Site & Location
Neighborhood
Building Details
Building Size
Spaces For Lease
at 2985-2989 Lamar Ave
2985 Lamar Ave
$8/SF/Yr
Floor
1
Size
12,000 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Discover an exceptional investment opportunity at 2983-2995 Lamar Ave, Memphis, TN. This 24,806 SF building boasts an ideal location for retail and street retail investors looking to capitalize on the thriving Memphis market. With ample space and prime visibility, this property offers endless potential for retail businesses seeking a strategic location to thrive. Don't miss the chance to secure a valuable asset in a sought-after area, primed for success.
Contact us
Listing Agency:
NAI Saig Company - Memphis
Listed By:
Brian Califf · License TN #299669
(901) 526-3100
Source:
Moodyscre
Added: May 15, 2024
Changed: Nov 4
Last Checked: Nov 8 at 7:19AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Memphis, TN
$14.01 /SF/Yr
Avg Asking Price
$9–$20 /SF/Yr
Price Range
10,323 SF
Avg Space Size
This space is priced 43% below the average of $14.01 /SF/Yr.
Properties on Market for Retail space in Memphis
Vacancy Rate% for Retail in Memphis, TN
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
