For Sale
$1,990,000

3502 Summer AveMemphis, TN 38122

Memphis, TN: 14,392 SF, $1.99M

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 14,392 square foot retail property, formerly a Walgreens, is situated on a prominent 1.88-acre corner lot at 3502 Summer Avenue in Memphis, Tennessee. The building features a convenient drive-thru, a spacious open floor plan, and ample parking for 76 vehicles. Its strategic location at the hard corner of Summer and Highland Avenues benefits from high visibility and significant traffic volume, with 26,070 vehicles passing daily on Summer Avenue. The property presents a compelling investment opportunity in a growing area, further enhanced by ongoing city improvements to the streetscape. The asking price is $1,990,000, translating to $138.27 per square foot. This prime location and existing infrastructure make it ideal for a variety of retail uses. The Shelby County address offers easy access to major transportation routes and a thriving local community. This is a rare opportunity to acquire a well-positioned, sizable retail space in a dynamic Memphis market.

Highlights

  • High-traffic drive-thru building at Summer and Highland intersection.
  • Ample parking with 76 spaces.
  • Excellent visibility with 26,070 vehicles per day on Summer Ave.
  • Strong growth potential in an area with ongoing streetscape improvements.

Property Details for 3502 Summer Ave

Property type
Retail properties, Drug stores
Square Feet
14,392 SF
Lot Size (sq. ft)
81,893 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.150004849384
Longitude
-89.944493166665
3502 Summer Ave, Memphis, Tennessee

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3502 Summer Ave
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