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Property profile & analytics
OFF-MARKET
Lifestyle centers

2234 Lamar Ave Memphis, TN 38114

9,172 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Total area 9,172 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
Current use
Occupant on record · Public records
  • TONE Gallery Headquarters Art Gallery Cultural Center
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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