2870 Poplar AveMemphis, TN 38111

Property Details for 2870 Poplar Ave

Year built

2018

Lot size

0.48 AC

Property size (Sq ft)

6,300 SF

Zone code

CMU-1

Property type

Retail properties

Property subtype

Retail space

APN

037-033- - -00046

APU

3703300046

Description

This exceptional 6,300-square-foot retail space is ideally situated at 2870 Poplar Avenue in Memphis, Tennessee, within Shelby County. The property offers a single-tenant occupancy opportunity, presenting a blank canvas for a wide range of retail businesses. The entire 6,300 square feet is currently vacant, providing immediate access for a new tenant to customize the space to their specific needs. The building's location on Poplar Avenue ensures high visibility and accessibility, benefiting from significant foot traffic and vehicular exposure. This prime location within Memphis offers excellent potential for attracting a substantial customer base. The property is categorized as commercial retail and presents a unique chance to establish a thriving business in a bustling area. The address is 2870 Poplar Avenue, Memphis, TN 38111. This single-tenant space provides a rare opportunity for businesses seeking a prominent location with ample square footage. The property's size and location make it suitable for a variety of retail concepts. Interested parties are encouraged to explore the possibilities this exceptional retail space offers. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Its strategic location in Memphis, Tennessee, promises strong returns on investment. The property is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $1,334,363

  6.5%

  $1,231,720

  7%

  $1,143,740

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,237,693

  Geo Method

  $1,237,693

• Alternative Use

  Use

  Valuation

  Residential

  $1,039,002

  Hospitality

  $951,720

  Educational

  $791,820

  Medical

  $819,052

  Retail

  $1,231,720

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1346

Longitude

-89.9655

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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