Retail Center with Vacant
For Sale
Contact for pricing
3615 Summer Avenue, Memphis, TN 38122
Built in 1966, the property includes available retail space within an established commercial center.
Property Size12,000 SF
Price / SF$68.75
Days on Market22
Property Features for 3615 Summer Avenue
General Information
Standard status
Active
Size
12,000 SF
Class
C
Property subtype
Retail
Occupancy
55%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1966
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
MMIC Inc
(901) 761-1002
Listed By:
Arthur Malkin · License #TN 253811
Source:
Crexi
Added: Aug 12
Changed: Sep 1
Last Checked: Sep 1 at 8:27PM
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 MMIC Inc
Investment Insights
Based on property information with market context.
This retail center contains 12,000 square feet of space and was constructed in 1966. The property is currently approximately half occupied, with one vacancy, providing a combination of existing occupancy and available retail area. It is being offered in its current condition and remains subject to buyer inspections.
The center is located at 3615 Summer Avenue in Memphis, east of Highland. The property may also be purchased as part of a package with the adjacent office building at 620 Servier, although package pricing is not included here.
The center is located at 3615 Summer Avenue in Memphis, east of Highland. The property may also be purchased as part of a package with the adjacent office building at 620 Servier, although package pricing is not included here.
Key Highlights
- 12,000 SF retail center
- Constructed in 1966
- Approximately half occupied with one vacancy
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 25%
Electronics 4%
SONIC Drive In
Dining
13,706 visits/mo
0.4 miles
Valero Energy
Shops & Services
6,492 visits/mo
0.3 miles
Jeremiah's Italian Ice
Dining
2,597 visits/mo
0.2 miles
Pizza Hut
Dining
1,611 visits/mo
0.1 miles
Cricket Wireless Authorized Retailer
Electronics
1,009 visits/mo
0.1 miles
Demographics for 38122, TN
26,432
Population
10,201
Households
2.6
Avg Household Size
33
Median Age
22%
College-Educated
74%
High-School Grad
6.8 sq mi
ZIP Area
3,887
Density / Sq Mi
$45,456
Median Household Income
$32,760
Median Earnings
$1,127
Median Rent
$108,200
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Similar Off Market Nearby
- High Point Plaza — 465 High Point Terrace, Memphis, TN 38122
- Highland Square — 3502 Summer Ave, Memphis, TN 38122
- Summer Place Center — 3500 Summer Ave, Memphis, TN 38122
Frequently Asked Questions
What type of property is this?
Shopping center - Built in 1966, the property includes available retail space within an established commercial center.
Where is this shopping center located?
The property is located at 3615 Summer Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 12,000 SF retail center; Constructed in 1966; Approximately half occupied with one vacancy
