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    2977 Broad Ave Memphis, TN 38112

    Sponsored
    For Lease
    Contact for pricing

    Prime Memphis Retail Space Available

    Lot size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A retail property, situated at 2977 Broad Avenue in Memphis, Tennessee, presents a unique investment opportunity. The 18,000 square foot development boasts a modern design and prime location within the vibrant Broad Avenue Arts District. Currently, 2,170 square feet of retail space is immediately available for lease within a single, large suite. The building, completed in 2024, sits on a 1.7-acre lot and enjoys high visibility at a major signalized intersection. Its strategic location benefits from proximity to numerous newly constructed Class A apartments, complementary retail establishments, and popular restaurants, ensuring high foot traffic and strong consumer demographics. The property features bespoke architectural and landscape design, enhancing its aesthetic appeal and creating a welcoming environment for both residents and visitors. Future plans include the integration of art installations, further solidifying its position as a high-profile destination. This is an unparalleled chance to establish a presence in a thriving Memphis neighborhood with significant growth potential. The property is located in Shelby County, zip code 38112. This is a multi-tenant building with one currently available suite.

    Property Features for 2977 Broad Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,000 SF
    Class
    A

    Building Details

    Year Built
    2024

    Unit(s) available at that property

    Space
    Suite 102
    Size
    2,170 SF

    HighLights

    • Highly desirable Broad Avenue Arts District location.
    • 2,170 square feet of new, available space in an 18,000 square foot building.
    • 1.7‑acre, brand‑new development at Sam Cooper Blvd and Tillman St.
    • High traffic counts: 55,155 AADT on Sam Cooper Blvd and 106,680 AADT on I‑40.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9619688
    Latitude
    35.147047

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    FAQs

    What type of property is this?
    Retail property - Prime Memphis Retail Space Available
    Where is this retail property located?
    The property is located at 2977 Broad Ave Memphis, TN.
    What are key features of this property?
    This property features: Highly desirable Broad Avenue Arts District location.; 2,170 square feet of new, available space in an 18,000 square foot building.; 1.7-acre, brand-new development at Sam Cooper Blvd and Tillman St.
    Request Owner's contact information
    2977 Broad Ave Memphis, TN 38112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2977 Broad Ave Memphis, TN 38112
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