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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3008 Park Ave Memphis, TN 38114

5,850 SF Built 1964
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity is located at 3002-3010 Park Avenue in Shelby County, offering prime visibility and high traffic counts. The property, built in 1964, is classified as Class D and encompasses a total of 5,850 square feet. Currently, 1,866 square feet of retail space is available, divisible into units ranging from a minimum of 630 square feet to a maximum contiguous space of 1,236 square feet. This flexibility allows for a variety of retail concepts and business sizes. The building does not have elevators. The property's location on Park Avenue provides excellent exposure to a large volume of daily traffic, making it an ideal location for businesses seeking high visibility and accessibility. The address is easily identifiable and accessible, further enhancing its appeal to potential tenants. This is a rare opportunity to secure retail space in a well-established area with significant foot traffic and strong potential for business growth. Serious inquiries are encouraged to explore this promising investment.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1964
Total area 5,850 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
  • Beauty Shop Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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