4899 Summer Ave Memphis, TN 38122
- Strip malls
- 7,479 SF
- 1.21 lot acres
Current Use by Public Records
- IIC / Insurance Agency
- Guided Solutions (formerly Medicare Insurance Advisors) / Insurance Agency
- AT&T Store / Cell Phone Accessory Store / Telecommunications Service Provider
- Memphis Replacement Windows / Window Installation Service
- Window World of Memphis / Window Installation Service / Door Supplier
Property Details for 4899 Summer Ave
- Year built
- 1969
- Lot size
- 1.21 lot acres
- Property size
- 7,479 SF
- Zone code
- EMP
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 063-058- - -00001
- APU
- 6305800001
Description
This exceptional 1,408 square foot retail space is located at 4899 Summer Ave, Memphis, TN 38122, situated on a 1.21-acre lot at the hard corner of Summer Avenue and Mendenhall Road, near Sam Cooper Blvd. Built in 1969, this single-story building offers a total of 7,500 square feet with 35 parking spaces. The space is currently available and is move-in ready, ideal for a variety of retail or office uses. Its prime location benefits from high traffic volume, with a Summer Avenue AADT of 25,772. The property enjoys excellent visibility and accessibility from three major roads. Nearby amenities include Aldi, Starbucks, Chipotle, and Planet Fitness, further enhancing its appeal and attracting a substantial customer base. This is a rare opportunity to secure a well-located, improved retail space in a thriving Memphis commercial corridor. The minimum divisible space is 1,408 square feet, and the maximum contiguous space available is also 1,408 square feet. This property presents a unique chance to establish a business in a high-traffic area with strong surrounding retail presence.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $980,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $915,000
- 6.5%
- $805,000
- 7%
- $880,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $760,000
- Geo Method
- $990,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,060,000
- Retail
- $1,060,000
- Mixed-Use
- $1,000,000
- Hospitality
- $1,060,000
- Educational
- $835,000
- Residential Income
- $965,000
- Energy
- $1,045,000
- Income-Based Land
- $925,000
- Food Service
- $1,005,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8974
- Latitude
- 35.1481
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
