2234 Lamar Ave Memphis, TN 38114
This exceptional retail investment opportunity presents two vacant suites totaling 9,172 square feet within the Lamar-Airways Shopping Center, situated at 2234 Park. The property boasts a prime location in a dense retail corridor, benefiting from high daily traffic counts on both Lamar Avenue (31,769 vehicles) and Airways Boulevard (26,806 vehicles). The center features a mix of established tenants including Rent A Center, KFC, and Dedicated Senior Care, creating a strong synergy for new businesses. Each of the two buildings offers a unique space; one ranging from 3,547 to 5,625 square feet, and an additional anchor space of 17,500 square feet with a dock door is also available. The property sits on a 9,172 square foot lot. A brand new roof is planned for installation soon, ensuring long-term value and reduced maintenance costs. This is an ideal location for businesses seeking high visibility and access to a substantial customer base. The property is comprised of two buildings, offering flexibility for various retail concepts. The cross streets are Lamar Avenue and Airways Boulevard.
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TONE Gallery Headquarters Art Gallery Cultural Center
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
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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.