5150 Summer Ave Memphis, TN 38122-4431
- Strip malls
- 41,602 SF
- 9.64 lot acres
Current Use by Public Records
- Liquor Barn / Beer Store / Wine Store
Property Details for 5150 Summer Ave
- Year built
- 1962
- Lot size
- 9.64 lot acres
- Property size
- 41,602 SF
- Zone code
- EMP
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 063-072- - -00027-C
- APU
- 06307200027C
Description
Cloverleaf Center presents a unique investment opportunity in a high-traffic location at the hard corner of Summer Avenue and White Station Road, boasting approximately 48,000 vehicles per day. This strategically positioned property benefits from its proximity to the Highway 240/40 interchange (approximately 239,000 VPD) and Sam Cooper Boulevard (approximately 46,000 VPD), ensuring exceptional visibility and accessibility. The center comprises 102,379 square feet of space, currently occupied by a diverse mix of complementary businesses including Sherwin Williams, Mary Carter, Tint World, and Mid-South Medical, demonstrating strong tenant demand and resilience. Four office spaces are immediately available, ranging from 1,200 to 18,785 square feet, suitable for various business types including traditional, medical, and creative office uses. The property has recently undergone significant renovations, including the installation of energy-efficient LED lighting, a fresh paint scheme, and a revitalized parking lot. Further enhancing its appeal are iconic 35-foot high pylon signs providing excellent brand visibility. Cloverleaf Center is managed by a local and responsive team dedicated to maintaining the property's high standards. Located within the thriving Summer Avenue corridor, the property benefits from a dense trade area and the active support of the Summer Avenue Merchants Association and the International District. This is a rare opportunity to acquire a well-maintained, high-visibility property in a rapidly growing area.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $485,000
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8894
- Latitude
- 35.1506
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
