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    4471 Summer Ave Memphis, TN 38122

    Sponsored
    For Lease
    $18 SF/Yr ($9,000 /Mo)

    High-traffic Memphis retail space, 2300 SF remaining.

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is located at 4471 Summer Avenue in Memphis, Tennessee, within the vibrant Summer Avenue commercial corridor. The property consists of a single, one-story building totaling 6,000 square feet, situated on a 0.795-acre lot. Currently, there is 6,000 square feet of vacant space available, divisible to a minimum of 1,500 square feet. The building is divided into four suites. This prime location offers excellent visibility and accessibility, situated at a signalized intersection of Summer Avenue and Berclair. The property benefits from high traffic counts and is surrounded by a strong mix of national and regional retailers, including Wendy's, Ross, Kroger, Chick-fil-A, and Smoothie King, ensuring a robust customer base. The zoning is CMU-3, allowing for a variety of retail uses. The property's address is 4471 Summer Ave, Memphis, TN 38122, with the Shelby County Assessor's Parcel Number (APN) being 063007 00001C. The remaining 2,300 square foot space is ideally suited for a variety of retail businesses seeking high visibility and a strong location within a thriving commercial area. This is a rare opportunity to establish a presence in a rapidly developing retail hub. The property offers immediate occupancy.

    Property Features for 4471 Summer Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF
    Total Rate
    9000

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Unit B
    Size
    2,250 SF
    Rate per SF
    $18
    Space
    Unit C
    Size
    1,500 SF
    Rate per SF
    $18

    HighLights

    • Brand new construction.
    • High traffic count: 27,170 vehicles per day on Summer Avenue.
    • CMU‑3 zoning (City of Memphis).
    • Suite sizes: 1,500 SF and 2,250 SF.
    • Signalized intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Firehouse Subs Summer ... Caterer Total By Verizon Telecommunications Service Provider Little Caesars Pizza Pizza Restaurant American Deli Fast Food Restaurant

    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
    -89.9114125
    Latitude
    35.1484538

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    FAQs

    What type of property is this?
    Retail property - High-traffic Memphis retail space, 2300 SF remaining.
    Where is this retail property located?
    The property is located at 4471 Summer Ave Memphis, TN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Brand new construction.; High traffic count: 27,170 vehicles per day on Summer Avenue.; CMU-3 zoning (City of Memphis).
    Request Owner's contact information
    4471 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
    4471 Summer Ave Memphis, TN 38122
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