5049 Summer Ave Memphis, TN 38122-4342

This exceptional 4,183 square foot former bank branch, situated on a 0.96-acre lot in Shelby County's East Retail submarket, presents a unique opportunity. The single-story, Class B building, constructed in 1974, boasts a prime location at a hard corner on Summer Avenue, offering excellent visibility and accessibility. The property features a two-lane drive-thru, 37 parking spaces, and is zoned CMU-3, allowing for a variety of commercial uses including office, retail, and medical. Its strategic location across from three shopping centers with national tenants, and within five miles of the University of Memphis, government buildings, and major interstates (I-40 and I-240), ensures high traffic counts (25,800 vehicles daily). The property is currently vacant and available for lease, offering the flexibility to renovate the existing structure or build to suit. The property's strong co-tenancy, high visibility, and convenient location make it an ideal investment for businesses seeking a prominent presence in a thriving Memphis market. Annual property taxes are $3.45 per square foot. The APN is 06-3058-0-0008.