2748-2760 Lamar Ave Memphis, TN 38114
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.