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Property profile & analytics
OFF-MARKET
Neighborhood centers

2268 Lamar Ave Memphis, TN 38114

139,600 SF
Property ID
Property summary
AI-generated overview

Lamar Airways Shopping Center, located at 2268 Lamar Ave in Memphis, Tennessee (zip code 38114), offers a prime retail opportunity in the Midtown Memphis submarket of Shelby County. This multi-tenant strip center boasts a total of 139,600 square feet, spread across seven suites. The property sits on approximately 9.5 to 10 acres of land and is zoned for commercial use. Currently, there are 25,716 square feet of vacant space available, with a minimum divisible unit size of 2,254 square feet. The center enjoys a highly visible location, benefiting from significant daily traffic counts. An estimated 28,823 vehicles pass by daily on Lamar Avenue, and 26,656 vehicles on Airways Boulevard, ensuring substantial exposure for tenants. This makes it an ideal location for businesses seeking high visibility and access to a dense population. The property's strategic location and substantial size present a compelling investment opportunity for businesses seeking to establish or expand their presence in the thriving Midtown Memphis market.

Property profile
Verified
Property type Neighborhood centers
Total area 139,600 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
  • Lamar-Airways Shopping Center Business Service Center Corporate Office
  • C & P Beauty Supply Cosmetic Store
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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