3502 Summer Ave | Memphis, TN 38122
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3502 Summer Ave
Memphis, TN 38122
Former Walgreens 14,392SF $1,700,000 · Retail Property For Sale
Investment Highlights
- Drive thru building on a stoplight corner at Summer and Highland
- 26,070 Vehicles per day on Summer Ave.
- 76 Parking Spaces
- Growing area with city improvements to streetscape in progress
Executive Summary
Myers Commercial Real Estate is pleased to present the former Walgreens at 3502 Summer Avenue in Memphis, Tennessee. This property boasts excellent positioning on the hard corner of Summer and Highland with an expansive 1.88 AC. The building has an existing drive thru and wide open floor plan
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,392 SF
Building Class
B
Year Built
2004
Price
$1,990,000
Price Per SF
$138
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Land Acres
1.88 AC
Zoning
RD
Parking
76 Spaces (5.28 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 03-8064-0-0001C | Improvements Assessment | $213,760 |
| Land Assessment | $165,600 | Total Assessment | $379,360 |
PROPERTY TAXES
Parcel Number
03-8064-0-0001C
Land Assessment
$165,600
Improvements Assessment
$213,760
Total Assessment
$379,360
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