2713 Lamar AveMemphis, TN 38114

Description

Excellent investment opportunity along the Lamar Avenue commercial corridor! This multi-tenant neighborhood retail strip center offers approximately 10,948 SF on a 0.57-acre lot with 23 parking spaces. The property features four occupied storefronts generating existing rental income and two vacant spaces offering additional income potential. Established businesses include restaurant, retail, and automotive service tenants. One vacant space is equipped for a beauty or nail salon, while the other offers flexibility for a new tenant's custom buildout. Conveniently located with high visibility and access to major Memphis thoroughfares. Ideal for investors seeking an income-producing commercial property with value-add and lease-up opportunities. Offered at $650,000. PLEASE DO NOT DISTURB TENANTS OR BUSINESS OPERATIONS. Contact the listing agent for additional information.

Property Information

Property type

Commercial Sale

Year built

1948

Stories

1

Zoning

CMU-3

Days on market

5

MLS^® Listing#

10234002

Property Features

Appliances

Electric Water Heater

Flooring

Parquet

Lot features

Corner Lot

Foundation

Slab

Roof

Flat

Financial Details

Annual taxes

$8,187

Parcel number

047076 00001

Directions

From I-240, take Exit 21 (Lamar Avenue/US-78). Head northwest on Lamar Avenue toward downtown Memphis. Continue approximately 1.5 miles. The property is located on the right side of Lamar Avenue, near Kimball Avenue, in the 2700 block.