For Sale
$5,600,000

3796 Lamar AveMemphis, TN 38118

33-Acre Campus, 3 Buildings, 1100+ Parking

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 33.17-acre Memphis property offers a unique redevelopment opportunity. The campus comprises three buildings totaling over 313,000 square feet, including a 271,500-square-foot, three-story concrete structure, a 22,500-square-foot data center, and a 19,000-square-foot recreational building. The property boasts 1,100 parking spaces and is strategically located just 0.5 miles from Memphis International Airport, offering convenient access to I-22 and the I-22/I-240 interchange. Its proximity to the BNSF rail yard provides access to all three major transportation modes. Built in 1966 and 1979, with renovations in 1994, the property features 12-foot ceilings and one loading dock. The CMU-2 zoning permits a variety of uses. The land value is $3.87 per square foot, and the asking price is $5,600,000. This distressed property presents significant potential for various development projects, priced attractively below new construction costs. The property's history includes use as a Holiday Inn and FedEx world headquarters.

Highlights

  • 33-acre site, former Holiday Inn & FedEx HQ.
  • Three buildings totaling 313,000+ SF, 1,100 parking spaces.
  • Building 1: 271,500 SF, three-story concrete structure.
  • Building 2: 22,500 SF data center.
  • Building 3: 19,000 SF recreational building.
  • Substantially below replacement cost.

Property Details for 3796 Lamar Ave

Property type
Specialty properties, Office properties
Square Feet
271,000 SF
Class
C
Year Built/Renovated
1966/1994
Buildings
3
Stories
3
Lot Size (sq. ft)
1,444,885 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.0621512
Longitude
-89.935754
3796 Lamar Ave, Memphis, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3796 Lamar Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message