2847 Poplar Ave Memphis, TN 38111
- Retail space
- 7,603 SF
- 0.77 lot acres
Current Use by Public Records
- Xfinity Store by Comcast / Security System Supplier / Business To Business Service
- VIPcare Memphis - Poplar Ave / Medical Clinic
Property Details for 2847 Poplar Ave
- Year built
- 2021
- Lot size
- 0.77 lot acres
- Property size
- 7,603 SF
- Zone code
- CMU-1
- Property type
- Retail space
- APN
- 045-004- - -00007-C
- APU
- 04500400007C
Description
This exceptional 7,420 square foot multi-tenant property at 2847 Poplar Avenue in Memphis, Tennessee, presents a unique investment opportunity. Currently, 1,380 square feet of space is available for lease, ideal for creative office or medical office use. The building offers a total of 36 parking spaces for tenant and visitor convenience, situated on a 0.755-acre lot. One immediately available space totals 1,980 square feet, perfect for a business seeking a move-in ready solution. The building's classification as both retail and office space reflects its versatility and adaptability to a range of businesses. The available space is brand new and never used, offering a pristine environment for a new tenant. Furthermore, a comprehensive furniture, fixtures, and equipment (FF&E) package is available for the right tenant, streamlining the setup process. The property's location in the vibrant Memphis, TN, 38111 zip code provides excellent access to transportation networks and local amenities. This is an exceptional opportunity to secure prime commercial space in a desirable Memphis location. The property's combination of size, amenities, and location makes it an attractive option for businesses seeking a modern and functional workspace.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $520,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $645,000
- 6.5%
- $605,000
- 7%
- $590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $660,000
- Geo Method
- $575,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $665,000
- Retail
- $545,000
- Mixed-Use
- $735,000
- Hospitality
- $575,000
- Educational
- $765,000
- Residential Income
- $735,000
- Energy
- $620,000
- Income-Based Land
- $685,000
- Food Service
- $555,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9668
- Latitude
- 35.1342
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
