2320 Lamar Ave Memphis, TN 38114
For Lease
1 / 3
This exceptional 2,400 square foot retail space is ideally situated at the highly visible corner of Lamar Avenue and Airways Boulevard in Shelby County. The property offers a single-tenant occupancy, perfect for a variety of retail or restaurant concepts. The building boasts recently added parking directly in front, ensuring convenient access for customers. This prime location benefits from significant traffic volume, with Lamar Avenue boasting an average annual daily traffic (AADT) of 25,819 vehicles and Airways Boulevard registering an AADT of 24,165 vehicles. The signalized intersection provides excellent visibility and accessibility. The entire 2,400 square feet is currently vacant and ready for immediate occupancy. This presents a unique opportunity for a business seeking a high-traffic location with ample parking in a thriving area. The property's strategic placement at a busy intersection guarantees significant exposure to potential customers, making it an ideal investment for a business looking to establish a strong presence in a high-traffic area. The space is classified as retail, suitable for a wide range of businesses. The single-tenant occupancy provides flexibility and control. Don't miss this chance to secure a prominent retail location in a prime commercial area.
-
All Memphis Same Day Flower Delivery (Bike/Boat/Book/etc) Store Florist
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
CMU-3 · Memphis, TNMemphis. Always verify with local authorities before improvements.
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.