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    4220 Summer Ave Memphis, TN 38122

    Sponsored
    For Lease
    $7 SF/Yr

    Memphis Retail Center: 32,085 SF Available

    Lot size:
    81,247 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity presents 32,085 square feet of vacant space within the Summer Center Commons shopping center, located at 4220 Summer Avenue in Memphis, Tennessee, zip code 38122. The property boasts a total building size of 81,247 square feet and sits on a sizable 10-acre lot in Shelby County. This multi-tenant shopping center benefits from a strong location with excellent population density on both the north and south sides of Summer Avenue, ensuring high foot traffic and visibility. The property enjoys co-tenancy with established national brands such as TJ Maxx, Family Dollar, and McDonald's, creating a synergistic retail environment and attracting a diverse customer base. The available space offers significant potential for a variety of retail uses, providing an ideal opportunity for businesses seeking high-traffic exposure in a thriving Memphis market. The property's size and location make it an attractive investment for businesses looking to establish or expand their presence in this dynamic area. This is a rare opportunity to secure a substantial retail space in a well-established shopping center with strong existing tenants.

    Property Features for 4220 Summer Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    81,247 SF
    Total Rate
    47394.08

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    32,085 SF
    Rate per SF
    $7

    HighLights

    • High visibility and ample parking.
    • Prime location with strong tenant demographics.
    • Modern, efficient floor plan ideal for various uses.
    • Recently renovated with high‑quality finishes.
    • Competitive lease rates with flexible terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    T.J. Maxx Children'S Clothing Store Metro Pcs Cell Phone Store

    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
    -89.919952944831
    Latitude
    35.149662741661

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    FAQs

    What type of property is this?
    Lifestyle center - Memphis Retail Center: 32,085 SF Available
    Where is this lifestyle center located?
    The property is located at 4220 Summer Ave Memphis, TN.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: High visibility and ample parking.; Prime location with strong tenant demographics.; Modern, efficient floor plan ideal for various uses.
    Request Owner's contact information
    4220 Summer Ave 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
    4220 Summer Ave Memphis, TN 38122
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