2748 Lamar Ave Memphis, TN 38114-4316
Property Lookup
Property profile & analytics
2748 Lamar Ave Memphis, TN 38114-4316
- Drive through restaurants
- 1,798 SF
- 0.17 lot acres
Property ID
US80-3299525
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Tripper's Lamar Village / Shopping Center & Mall
Property Details for 2748 Lamar Ave
- Year built
- 1956
- Lot size
- 0.17 lot acres
- Property size
- 1,798 SF
- Zone code
- CMU-3
- Property type
- Drive through restaurants
- APN
- 047-073- - -00032
- APU
- 4707300032
Description
This Memphis, TN shopping center presents a compelling value-add opportunity. Priced at $1,200,000, this 35,370 square foot property boasts a prime location on Lamar Avenue, a high-traffic corridor averaging 35,000 vehicles daily. Currently 40% occupied, the center features five units, including a Family Dollar anchor tenant and three available retail suites. A vacant, 2nd generation restaurant space offers significant potential for redevelopment, possibly as a quick-service restaurant with a drive-thru. The property sits on a 3.54-acre lot and is zoned CMU-1, offering flexibility for future tenants. Its strategic location provides easy access to Memphis International Airport, the University of Memphis, and the Memphis Depot Industrial Park, ensuring strong potential for increased occupancy and rental income. This NNN-leased multi-tenant shopping center in Shelby County represents a rare chance to capitalize on a growing area and achieve substantial returns. The property's existing infrastructure and high-traffic location make it an ideal investment for those seeking a value-add opportunity with significant upside potential. The property's Class C designation reflects its current condition, presenting an opportunity for improvement and increased value.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $610,000
- ML approach
- $545,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $540,000
Market price range: $170k - $906k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9713
- Latitude
- 35.0968
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,761
$12,160
$33,160
$45,320
-
$30,400
$82,900
$113,300
