3796 Lamar AveMemphis, TN 38118

Property Details for 3796 Lamar Ave

Year built

1979

Lot size

33.17 AC

Property size (Sq ft)

22,500 SF

Zone code

CMU-2

Property type

Office properties

Property subtype

Office buildings

APN

073-012- - -00018-C

APU

07301200018C

Description

This exceptional 33.17-acre Memphis property offers a unique redevelopment opportunity. The campus comprises three buildings totaling over 313,000 square feet, including a 271,500-square-foot, three-story concrete structure, a 22,500-square-foot data center, and a 19,000-square-foot recreational building. The property boasts 1,100 parking spaces and is strategically located just 0.5 miles from Memphis International Airport, offering convenient access to I-22 and the I-22/I-240 interchange. Its proximity to the BNSF rail yard provides access to all three major transportation modes. Built in 1966 and 1979, with renovations in 1994, the property features 12-foot ceilings and one loading dock. The CMU-2 zoning permits a variety of uses. The land value is $3.87 per square foot, and the asking price is $5,600,000. This distressed property presents significant potential for various development projects, priced attractively below new construction costs. The property's history includes use as a Holiday Inn and FedEx world headquarters.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0625

Longitude

-89.9349

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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