2250 Park Ave Memphis, TN 38114
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 2250 Park Ave
- Property type
- Commercial real estate
Description
This exceptional ground lease opportunity presents a prime 200-foot corner lot at a busy Memphis intersection on Park Avenue, zip code 38114. The property, located in Shelby County, Tennessee, has already been cleared and is ready for immediate commercial development. The site boasts significant visibility due to its high-traffic location. This single-tenancy land parcel is offered under an absolute net lease agreement with a monthly rent of $2,500. The property's CMU-1 zoning allows for a variety of commercial uses, including car washes, car sales, or repair facilities. The unique location also presents an attractive opportunity for a food truck park. Prospective lessees are responsible for all due diligence, inspections, necessary approvals, permits, and construction costs associated with their chosen development. This is an ideal opportunity for a long-term commercial tenant seeking a high-visibility location with significant development potential. The latitude and longitude coordinates are 35.109118, -89.987928 respectively.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.987928
- Latitude
- 35.109118
