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    4029 Summer Ave Memphis, TN 38122

    Sponsored
    For Sale
    $350,000

    Prime Memphis retail space, vacant, 1181 sq ft.

    Property size:
    1,181 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1,181 square foot storefront, located at 4029 Summer Avenue in Memphis, Tennessee, presents a unique owner-user investment opportunity. The property, built in 1940, sits on a 0.15-acre lot and is zoned RMM. Currently vacant, this Class C building offers high visibility in a high-traffic area of Summer Avenue, surrounded by a mix of commercial retail, service businesses, and restaurants. The asking price is $350,000, translating to $296.36 per square foot. The single-story building offers 1,181 square feet of net rentable space. This property is being sold "as is" and represents a rare opportunity to acquire a well-located commercial space on a busy Memphis thoroughfare. The previous tenant was a chiropractor's office. The property's location within a thriving commercial corridor makes it ideal for a variety of retail uses. Serious inquiries are encouraged to explore the potential of this unique investment. The property is located in Shelby County, Tennessee, zip code 38122.

    Property Features for 4029 Summer Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,181 SF
    Class
    C
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1940
    Buildings
    1
    Stories
    1

    HighLights

    • $350,000 asking price for this 1,181 SF retail storefront.
    • Vacant, Class C property with a price per square foot of $296.36.
    • Located at 4029 Summer Ave, Memphis, TN 38122 on a 0.15‑acre lot.
    • Single‑story, 1940‑built building zoned RMM; ideal for owner‑user.
    • High‑traffic location surrounded by other commercial businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Moreno's Painters Painting

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -89.926399185957
    Latitude
    35.149170619618

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    FAQs

    What type of property is this?
    Individual retail property - Prime Memphis retail space, vacant, 1181 sq ft.
    Where is this individual retail property located?
    The property is located at 4029 Summer Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price for this 1,181 SF retail storefront.; Vacant, Class C property with a price per square foot of $296.36.; Located at 4029 Summer Ave, Memphis, TN 38122 on a 0.15-acre lot.
    Request Owner's contact information
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    Memphis, TN 38122
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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
    4029 Summer Ave Memphis, TN 38122
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