3980-4002 Park Ave
Memphis, TN 38111
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investors can significantly boost cash flow over time through restructuring the below market leases to net lease structures. This property is an ideal
- Property sits on 1.45 acres on Park Avenue, near the University of Memphis, U of M Loewenberg School of Nursing, Athletics facility & I-240
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
22,314 SF
Building Class
B
Year Built/Renovated
1950/1999
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.77
Lot Size
0.66 AC
Zoning
CMU-1
Parking
60 Spaces (2.69 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $324,200 | |
| Land Assessment | $146,560 | Total Assessment | $470,760 |
