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Storefront Retail Property
For Sale
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3286 Park Ave, Memphis, TN 38111

Located minutes from International Memphis Airport.

Property SizeContact for details
Days on Market142

Property Features for 3286 Park Ave

General Information

Standard status Active
Property subtype Retail

Additional Details

Cap Rate 8.31%
Listing Agency: Berkshire Hathaway HomeServices McLemore & Co., Realty
Listed By: CeCe Baker · License #TN LIC # 347845
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 3:53PM

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 Berkshire Hathaway HomeServices McLemore & Co., Realty

Investment Insights

Based on property information with market context.

This storefront retail property at 3286 Park Ave, Memphis, TN 38111, is offered for sale. The property carries an 8.31% cap rate and is located minutes from International Memphis Airport.

Key Highlights

  • 8.31% cap rate
  • 3286 Park Ave, Memphis, TN 38111
  • Minutes from International Memphis Airport

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Kitchen & Bath Showroom Building Supply HVAC Service Skin Care Clinic

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

562
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 64% Shops & Services 36%
Wendy's Dining
15,062 visits/mo 0.4 miles
Cook Out Dining
12,331 visits/mo 0.4 miles
Dollar General Shops & Services
9,174 visits/mo 0.5 miles
Exxon Shops & Services
6,444 visits/mo 0.4 miles
KFC Dining
3,129 visits/mo 0.5 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

  • Floristería 781 Ellsworth St, Memphis, TN 38111

Frequently Asked Questions

What type of property is this?
Storefront property - Located minutes from International Memphis Airport.
Where is this storefront property located?
The property is located at 3286 Park Ave Memphis, TN.
What are key features of this property?
This property features: 8.31% cap rate; 3286 Park Ave, Memphis, TN 38111; Minutes from International Memphis Airport
More about this property
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