5240 Summer Avenue Memphis, TN 38122

Properties For Sale

at 5240 Summer Avenue Contact us

Listing office Jones Aur d***@jonesaur.com Show Phone

Listing date May 14, 2026

Source Jonesaur

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 Jones Aur

Report an issue

---

Investment Insights

Based on property information with market context.

The property is a 10,000 square foot building situated on a 1.05-acre lot. It is located directly on Summer Avenue at the I-40/I-240 interchange. The property includes a dedicated pylon sign visible from Summer Avenue, I-40, and I-240. The site provides over 50 parking spaces. Area retailers include At Home, TJ Maxx, Five Below, Restaurant Depot, ALDI, Lowe's, O'Reilly Auto Parts, Harbor Freight, Walgreens, Chick-Fil-A, Burger King, Starbucks, Wendy's, and Taco Bell. Traffic counts are significant, with I-40 recording 170,351 AADT, I-240 recording 174,669 AADT, and Summer Avenue recording 20,824 AADT. The location is suitable for retailers seeking strong exposure along major Memphis corridors.

Key Highlights

• High visibility location directly on Summer Ave at the I‑40/I‑240 interchange.
• Substantial traffic counts: I‑40 (170,351 AADT), I‑240 (174,669 AADT), and Summer Ave (20,824 AADT).
• 10,000 SF building on a 1.05‑acre lot with 50+ parking spaces.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $1,599,900

  Restaurant Building with Parking Lots

  For sale restaurant building plus two dedicated parking lots across four parcels in Midtown Memphis.

  1324 PEABODY Ave, Memphis, TN 38104

  View Details
• 

  $1,499,000

  Flex Industrial Building with Office

  Office-equipped flex building with dual 277V 3-phase power and two drive-in doors for warehouse and light industrial uses.

  6735 WHITTEN Pl, Memphis, TN 38133

  View Details
• 

  $765,000

  Memphis Commercial Property For Sale

  Commercial property with potential for medical or office space.

  804 S HIGHLAND St, Memphis, TN 38111

  View Details
• 

  $300,000

  Automotive Repair and Retail Buildings

  Two buildings are offered together, including one currently suited for auto body work and flexible retail uses.

  2408 LAMAR Ave, Memphis, TN 38114

  View Details
• 

  $2,500,000

  Free-Standing Office Building

  AS-IS free-standing office building offered for sale near the medical district in Memphis.

  225 S CLEVELAND St, Memphis, TN 38104

  View Details
• 

  $575,000

  3,147 SF

  Turnkey Duplex with Covered Parking

  Newer duplex built in 2022 with two dedicated covered parking spaces per unit.

  82 N REMBERT St, Memphis, TN 38104

  View Details
• 

  $160,000

  Versatile Commercial Property in Memphis

  Adaptable commercial space suitable for various business types or investment.

  3402 PARK Ave, Memphis, TN 38111

  View Details
• 

  $300,000

  2,496 SF

  Two-Unit Duplex with Shared Yard

  A well-maintained duplex with two 2-bedroom units and shared fenced backyard, including one rent-ready vacancy.

  5659 HINTON Pl, Memphis, TN 38119

  View Details
• 

  $135,000

  2,137 SF

  Tenant-Occupied Duplex Investment

  Tenant-occupied duplex is offered for sale as-is with a lease extending through March 2028.

  4043 FOREST VIEW Dr, Memphis, TN 38118

  View Details
• 

  $525,000

  7,094 SF

  Freestanding Retail Redevelopment Building

  Freestanding retail building with redevelopment zoning and strong Union Ave traffic exposure near major Memphis entertainment and retailers.

  2029 Union Avenue, Memphis, TN 38104

  View Details
• 

  $1,650,000

  1,116 SF

  Gated Townhome Community in Memphis

  Fully occupied, renovated townhomes near Overton Square. Perfect for investors.

  1961-1970 REMBERT Pl, Memphis, TN 38104

  View Details
• 

  $1,568,000

  946 SF

  19-Unit Multifamily Apartment Building

  Professionally managed 19-unit property with parking and washer/dryer connections, available for bulk purchase.

  32 N BELVEDERE Blvd, Memphis, TN 38104

  View Details

FAQs

What type of property is this?

Retail space - 10,000 SF retail building on 1.05 acres for sale.

Where is this retail space located?

The property is located at 5240 Summer Avenue Memphis, TN.

What are key features of this property?

This property features: High visibility location directly on Summer Ave at the I‑40/I‑240 interchange.; Substantial traffic counts: I‑40 (170,351 AADT), I‑240 (174,669 AADT), and Summer Ave (20,824 AADT).; 10,000 SF building on a 1.05‑acre lot with 50+ parking spaces.