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    4899 Summer Ave Memphis, TN 38122

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    For Lease
    Contact for pricing

    Memphis retail space, move-in ready.

    Lot size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,408 square foot retail space is located at 4899 Summer Ave, Memphis, TN 38122, situated on a 1.21-acre lot at the hard corner of Summer Avenue and Mendenhall Road, near Sam Cooper Blvd. Built in 1969, this single-story building offers a total of 7,500 square feet with 35 parking spaces. The space is currently available and is move-in ready, ideal for a variety of retail or office uses. Its prime location benefits from high traffic volume, with a Summer Avenue AADT of 25,772. The property enjoys excellent visibility and accessibility from three major roads. Nearby amenities include Aldi, Starbucks, Chipotle, and Planet Fitness, further enhancing its appeal and attracting a substantial customer base. This is a rare opportunity to secure a well-located, improved retail space in a thriving Memphis commercial corridor. The minimum divisible space is 1,408 square feet, and the maximum contiguous space available is also 1,408 square feet. This property presents a unique chance to establish a business in a high-traffic area with strong surrounding retail presence.

    Property Features for 4899 Summer Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,500 SF

    Building Details

    Year Built
    1969
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 103
    Size
    1,408 SF

    HighLights

    • 1,408 SF retail space available for lease at 4899 Summer Ave, Memphis, TN 38122.
    • Located on a 1.21‑acre lot at the hard corner of Summer Ave and Mendenhall Rd, near Sam Cooper Blvd.
    • Single‑story building (7,500 SF total), built in 1969, with 35 parking spaces.
    • Move‑in ready, suitable for retail or office use; high traffic area (Summer Ave AADT 25,772).
    • Excellent visibility and accessibility; nearby amenities include Aldi, Starbucks, Chipotle, and Planet Fitness.
    Property Profile Location Intelligence

    Current Use by Public Records

    IIC Insurance Agency Guided Solutions (formerly ... Insurance Agency AT&T Store Cell Phone Store Memphis Replacement Windows Window Installation Service Window World of Memphis Window Installation Service

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -89.897601593618
    Latitude
    35.148555172285

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    FAQs

    What type of property is this?
    Retail property - Memphis retail space, move-in ready.
    Where is this retail property located?
    The property is located at 4899 Summer Ave Memphis, TN.
    What are key features of this property?
    This property features: 1,408 SF retail space available for lease at 4899 Summer Ave, Memphis, TN 38122.; Located on a 1.21-acre lot at the hard corner of Summer Ave and Mendenhall Rd, near Sam Cooper Blvd.; Single-story building (7,500 SF total), built in 1969, with 35 parking spaces.
    Request Owner's contact information
    4899 Summer Ave Memphis, TN 38122
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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
    4899 Summer Ave Memphis, TN 38122
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