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    3796 Lamar Ave Memphis, TN 38118

    For Sale
    $5,600,000

    33-Acre Campus, 3 Buildings, 1100+ Parking

    Property size:
    271,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 33.17-acre Memphis property offers a unique redevelopment opportunity. The campus comprises three buildings totaling over 313,000 square feet, including a 271,500-square-foot, three-story concrete structure, a 22,500-square-foot data center, and a 19,000-square-foot recreational building. The property boasts 1,100 parking spaces and is strategically located just 0.5 miles from Memphis International Airport, offering convenient access to I-22 and the I-22/I-240 interchange. Its proximity to the BNSF rail yard provides access to all three major transportation modes. Built in 1966 and 1979, with renovations in 1994, the property features 12-foot ceilings and one loading dock. The CMU-2 zoning permits a variety of uses. The land value is $3.87 per square foot, and the asking price is $5,600,000. This distressed property presents significant potential for various development projects, priced attractively below new construction costs. The property's history includes use as a Holiday Inn and FedEx world headquarters.

    Property Features for 3796 Lamar Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    271,000 SF
    Class
    C
    Lot Size
    1,444,885 SF

    Building Details

    Year Built/Renovated
    1966/1994
    Buildings
    3
    Stories
    3

    HighLights

    • 33‑acre site, former Holiday Inn & FedEx HQ.
    • Three buildings totaling 313,000+ SF, 1,100 parking spaces.
    • Building 1: 271,500 SF, three‑story concrete structure.
    • Building 2: 22,500 SF data center.
    • Building 3: 19,000 SF recreational building.
    • Substantially below replacement cost.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Indusys Technology, Inc. Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.935754
    Latitude
    35.0621512

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    FAQs

    What type of property is this?
    Automotive property - 33-Acre Campus, 3 Buildings, 1100+ Parking
    Where is this automotive property located?
    The property is located at 3796 Lamar Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $5,600,000.
    What are key features of this property?
    This property features: 33-acre site, former Holiday Inn & FedEx HQ.; Three buildings totaling 313,000+ SF, 1,100 parking spaces.; Building 1: 271,500 SF, three-story concrete structure.
    Request Owner's contact information
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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
    3796 Lamar Ave Memphis, TN 38118
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