3008 Park Ave Memphis, TN 38114
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.
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Beauty Shop Hair Salon Nail Salon
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.