2983-2995 Lamar Ave Memphis, TN 38114
Discover a remarkable investment opportunity in Memphis, Tennessee. This exceptional shopping center, located at 2983-2995 Lamar Avenue, offers a substantial 24,806 square feet of retail space. Situated in Shelby County, zip code 38114, this property enjoys a high-visibility location on Lamar Avenue, making it ideal for businesses seeking maximum exposure. The ample square footage provides significant flexibility for a variety of retail uses, catering to diverse business needs. This prime location within the thriving Memphis market presents a compelling investment prospect for those seeking to capitalize on the city's robust commercial landscape. The property's strategic positioning ensures excellent accessibility for customers and offers significant potential for strong returns. This is a rare opportunity to acquire a substantial retail property in a desirable Memphis location, presenting a strong foundation for long-term growth and profitability. The property's size and visibility make it an attractive option for both established businesses and new ventures looking to establish a presence in a high-traffic area. Don't miss this chance to secure a valuable asset in a sought-after area of Memphis.
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.