Summer Avenue Retail

Retail-Commercial for Sale
Catylist Listing ID: 30386797
Property Subtypes: Free-Standing Building, Street Retail
Building Status: Proposed
Building Size (RSF): 5,184 SF
Gross Building Area: See Agent
Gross Land Area: 1.88 Acres
Sale Price: $525,000
Unit Price: $101.27 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/17/2019

Overview / Comments

CRYE-LEIKE COMMERCIAL is pleased to present for sale a versatile commercial opportunity on thriving Summer Avenue. This freestanding retail property is a former bank branch that includes ample front door parking and rear outdoor storage. The 5000 SF +/- interior features a combination open showroom space and private offices. The well built tilt-panel concrete exterior is positioned with ample parking, excellent signage and 102 feet of high traffic Summer avenue exposure.

Additional Details

Nearest MSA: Memphis
County: Shelby
Tax ID/APN: 05404000029C
Zoning: CMU-3
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Summer and Waring
Feet of Frontage: 102
Airports: Memphis International Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,000 SF
Year Built: 1964
Construction/Siding: Concrete - Tilt up
Total Parking Spaces: 28
Parking Type: Surface
Zoning Description: CMU-3
Lot Frontage: 102'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,568 95,571 287,471
Median Age: 36.29 34.35 35.71
Households: 6,089 37,753 114,282

Source

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