33-Acre Office Campus
3796 Lamar Ave, Memphis, TN 38118
Call to check price and availability
301,000+ SF office campus near Memphis Airport.
Type:Multifamily, Office, Land, Self Storage
Property size:
301,500 SFLot size:
33.00 AcresPrice / SF:
$5/SF- Added:
- Sep 17, 2024
- Days on Market:
- 623
- Last Refresh:
- May 12 at 8:53 pm
Property Features for 3796 Lamar Ave
General Information
- Standard status
- Active
- Size
- 301,500 SF
- Lot size
- 33.00 Acres
- Property subtype
- Multifamily, Office, Land, Self Storage
Listing agent Todd Ferguson License #TN 339920-AF
Listing office Mike Ferguson Realty, LLC (662) 890-5880
Listing date Sep 17, 2024
Source Crexi
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 Mike Ferguson Realty, LLC
HighLights
- Prime location: 0.5 miles from Memphis International Airport and near I‑22, I‑240, and BNSF rail yard, offering access to all 3 major transportation modes.
- Large 33‑acre office campus with 301,000+\/- square feet of space across 3 buildings.
- Building 1: Approximately 279,000 sf+\/- of 3‑story office space with a loading dock.
- Building 2 ('the bunker'): Approximately 22,500 sf+\/- all‑concrete construction with loading dock, earth embankment, and access tile floor suitable for a data room.
- Potential for redevelopment or repurposing of the existing structures.
- Motivated seller and price drop, creating an opportunity for negotiation.
Overview
The Commerce Center is a 33-acre office campus encompassing over 301,000 square feet of space, divided into three buildings. Building 1, the primary structure, offers approximately 279,000 square feet across three stories of office space. It features steel frame and concrete floor construction, along with one loading dock. Building 2, known as "the bunker," comprises around 22,500 square feet and is constructed entirely of concrete. It includes a loading dock and a central area with access tile flooring suitable for a data room. This building is surrounded by an earth embankment on three sides. Building 3, formerly a gym with an indoor pool, has significant structural issues. The three-story office building has roof leaks and mold. The campus underwent a complete renovation in the 1990s but has been vacant since the mid-2000s. Currently, a small portion of the building is in use by the owner. The property is located approximately 0.5 miles from Memphis International Airport and is situated on I-22, one mile south of the I-22/I-240 interchange, and just over three miles from the BNSF rail yard, providing convenient access to major transportation modes.
Property Profile
Location Intelligence
Current Use by Public Records
Indusys Technology, Inc.
Corporate Office
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.935967
- Latitude
- 35.0616577
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 301,000+ SF office campus near Memphis Airport.
Where is this office building located?
The property is located at 3796 Lamar Ave Memphis, TN.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Prime location: 0.5 miles from Memphis International Airport and near I‑22, I‑240, and BNSF rail yard, offering access to all 3 major transportation modes.; Large 33‑acre office campus with 301,000+\/- square feet of space across 3 buildings.; Building 1: Approximately 279,000 sf+\/- of 3‑story office space with a loading dock.
