Retail Storefront
3635 LAMAR AVE Memphis, TN 38118
3635 LAMAR AVE, Memphis, TN, 38118
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For Sale
Contact for pricing
For-sale retail property offering flexible space for a storefront-oriented business in Memphis.
Property Size1,924 SF
Price / SF$142.93
Days on Market56
Property Features for 3635 LAMAR AVE
General Information
- Standard status
- Active
- Size
- 1,924 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1964
Listing agency
Crye-Leike Commercial Memphis
Listed by
Andy Walker · License #TN 335853
Source
Crexi
Added: May 29 Updated: Jul 10 at 1:49PM Checked: Jul 22 at 10:07AM
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 Crye-Leike Commercial Memphis
Investment Insights
Based on property information with market context.
This for-sale retail storefront property totals 1,924 SF and is offered as a single retail asset. It is well-suited for businesses that need a dedicated retail space where customers can access the premises directly.
The property is located at 3635 Lamar Ave, Memphis, TN. Its street address positioning supports a retail use profile for operators looking for a convenient neighborhood storefront presence.
From a tenant or owner-operator perspective, this size and configuration can work for a wide range of retail concepts that benefit from an established retail footprint rather than a specialized improvement set. For investors, the offering represents a straightforward retail acquisition opportunity in a defined, standalone size, priced and marketed for buyers seeking direct ownership of a retail property rather than a multi-tenant structure. Interested parties should review the space details and consider their operating requirements against the provided retail footprint before moving forward.
The property is located at 3635 Lamar Ave, Memphis, TN. Its street address positioning supports a retail use profile for operators looking for a convenient neighborhood storefront presence.
From a tenant or owner-operator perspective, this size and configuration can work for a wide range of retail concepts that benefit from an established retail footprint rather than a specialized improvement set. For investors, the offering represents a straightforward retail acquisition opportunity in a defined, standalone size, priced and marketed for buyers seeking direct ownership of a retail property rather than a multi-tenant structure. Interested parties should review the space details and consider their operating requirements against the provided retail footprint before moving forward.
Key Highlights
- Retail property built in 1964
- 1,924 SF retail space for storefront‑oriented business use
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.9k | $15.00 |
| − Vacancy | −$1.4k | −$0.75 |
| EGI | $27.4k | $14.25 |
| − OpEx | −$8.2k | −$4.27 |
| NOI | $19.2k | $9.98 |
1,924 SF · lease $15.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$274.2K
$239.9K – $319.9K
NOI $19,192 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$568.6K
$497.6K – $663.4K
NOI $39,804 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kuykindall Boys Superwash
Car Wash
Superwash on 78
Car Wash
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - For-sale retail property offering flexible space for a storefront-oriented business in Memphis.
Where is this retail space located?
The property is located at 3635 LAMAR AVE Memphis, TN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Retail property built in 1964; 1,924 SF retail space for storefront‑oriented business use
