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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2748-2760 Lamar Ave Memphis, TN 38114

35,370 SF Built 1954
Property ID
Property summary
AI-generated overview

This prime Memphis retail property, Memphis Commons Shopping Center, offers 35,370 square feet across three suites within a single building constructed in 1954. Currently, 20,000 square feet is available for lease, presenting a significant opportunity for expansion or new tenancy. The center enjoys a highly desirable location in Shelby County, benefiting from exceptional visibility and accessibility. Its strategic placement provides convenient access to key areas, including proximity to Memphis International Airport (approximately 10 minutes away), the University of Memphis (approximately 7 minutes away), and the Memphis Depot Industrial Park (approximately 5 minutes away). This translates to substantial daily traffic, exceeding 35,000 vehicles. The existing tenant, Family Dollar, further validates the center's strong performance and potential. The ample parking available caters to the high volume of customers. This property is ideal for businesses seeking a well-established location with high foot traffic and excellent access to a diverse customer base. The significant vacant space offers a unique opportunity for businesses to establish a strong presence in a thriving commercial area. The property's history and current occupancy demonstrate its enduring appeal and potential for continued success.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1954
Total area 35,370 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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