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Property profile & analytics
FOR LEASE
Day care centers

4029 Summer Ave Memphis, TN 38122

1,181 SF 0.29 ac lot Built 1940
Entity Owned 6-yr Hold
Property ID
US80-3529887
4029 Summer Ave, Memphis, TN 38122 For Lease
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4029 Summer Ave, Memphis, TN 38122
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Property summary
AI-generated overview

This 1,181 square foot storefront, located at 4029 Summer Avenue in Memphis, Tennessee, presents a unique owner-user investment opportunity. The property, built in 1940, sits on a 0.15-acre lot and is zoned RMM. Currently vacant, this Class C building offers high visibility in a high-traffic area of Summer Avenue, surrounded by a mix of commercial retail, service businesses, and restaurants. The asking price is $350,000, translating to $296.36 per square foot. The single-story building offers 1,181 square feet of net rentable space. This property is being sold "as is" and represents a rare opportunity to acquire a well-located commercial space on a busy Memphis thoroughfare. The previous tenant was a chiropractor's office. The property's location within a thriving commercial corridor makes it ideal for a variety of retail uses. Serious inquiries are encouraged to explore the potential of this unique investment. The property is located in Shelby County, Tennessee, zip code 38122.

Property profile
Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1940
Construction FRAME
Total area 1,181 SF
Lot 0.29 ac (12,589 SF)
Zoning code RU-3
APN 055-001- - -00004
UPID US80-3529887
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Moreno's Painters Remodeler Painting
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Keystone Properties 901 LLC · 6 yrs held
Keystone Properties 901 LLC
since 2020
Last sale
$130,000
5 recorded transactions
2020
Price N/A
2003
Price N/A
2003
$130,000
1999
$84,021
1969
Price N/A
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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