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    3883 Park Ave Memphis, TN 38111

    For Lease
    Contact for pricing

    Prime Memphis retail space, two suites available.

    Lot size:
    104,690 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail investment opportunity presents two available suites within a 104,690 square foot shopping center strategically located at the intersection of Park Avenue and Getwell Road in Memphis, Tennessee. The property, known as Park Center, offers a prime location within Shelby County, boasting high visibility and excellent access for customers. Two suites are currently available, providing flexible space options ranging from a minimum of 1,068 square feet to a maximum contiguous space of 2,760 square feet. This allows for a variety of retail businesses to thrive in this vibrant commercial area. The total number of suites within the center is two. The current vacancy totals 3,828 square feet, presenting a significant opportunity for immediate occupancy and revenue generation. The property's address is 3883-3951 Park Ave, Memphis, TN 38111. This location offers exceptional exposure to high traffic counts, ensuring maximum visibility for tenants. The property is classified as a shopping center and is ideal for businesses seeking a well-established retail presence in a high-demand area of Memphis. This is a rare opportunity to acquire a piece of prime Memphis retail real estate. The property's size and location make it an attractive investment for both established businesses and new ventures seeking to capitalize on the thriving Memphis market.

    Property Features for 3883 Park Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    104,690 SF

    Unit(s) available at that property

    Space
    Suite 3921
    Size
    2,760 SF
    Space
    Suite 3935
    Size
    1,068 SF

    HighLights

    • 1,068 SF - 2,760 SF of retail space available, fronting Park Ave.
    • Excellent visibility and access at the Park Ave and Getwell Rd intersection in Memphis, TN.
    • Strong tenant mix nearby including Dollar Tree, Save‑A‑Lot, dd's Discounts, and more.
    • High traffic counts: Park Ave (14,786 AADT), Getwell Rd (23,061 AADT).
    • Close proximity to the University of Memphis (13,000+ students).
    Property Profile Location Intelligence

    Current Use by Public Records

    Levi Motor Sports Motorcycle Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9331174
    Latitude
    35.1069637

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Memphis retail space, two suites available.
    Where is this lifestyle center located?
    The property is located at 3883 Park Ave Memphis, TN.
    What are key features of this property?
    This property features: 1,068 SF - 2,760 SF of retail space available, fronting Park Ave.; Excellent visibility and access at the Park Ave and Getwell Rd intersection in Memphis, TN.; Strong tenant mix nearby including Dollar Tree, Save-A-Lot, dd's Discounts, and more.
    Request Owner's contact information
    3883 Park Ave Memphis, TN 38111
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    Memphis, TN 38111
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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
    3883 Park Ave Memphis, TN 38111
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