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5049 Summer Ave Memphis, TN 38122

Memphis Office/Retail Space - Lease or Build

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 4,183 square foot former bank branch, situated on a 0.96-acre lot in Shelby County's East Retail submarket, presents a unique opportunity. The single-story, Class B building, constructed in 1974, boasts a prime location at a hard corner on Summer Avenue, offering excellent visibility and accessibility. The property features a two-lane drive-thru, 37 parking spaces, and is zoned CMU-3, allowing for a variety of commercial uses including office, retail, and medical. Its strategic location across from three shopping centers with national tenants, and within five miles of the University of Memphis, government buildings, and major interstates (I-40 and I-240), ensures high traffic counts (25,800 vehicles daily). The property is currently vacant and available for lease, offering the flexibility to renovate the existing structure or build to suit. The property's strong co-tenancy, high visibility, and convenient location make it an ideal investment for businesses seeking a prominent presence in a thriving Memphis market. Annual property taxes are $3.45 per square foot. The APN is 06-3058-0-0008.

Highlights

  • 4,183 SF former bank branch available for lease; renovate or build to suit.
  • 0.96-acre lot at a hard corner with high visibility across from three shopping centers with national tenants.
  • Building features a two-lane drive-thru and 37 parking spaces; CMU-3 zoning allows for various commercial uses.
  • High traffic count (25,800 vehicles per day) and excellent access from Summer Ave.

Property Details for 5049 Summer Ave

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
4,183 SF
Class
B
Year Built
1974
Buildings
1
Stories
1

Unit(s) available at that property

Space
Size
41,818 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1500093
Longitude
-89.89240227

FAQs

What type of property is this?
Retail property - Memphis Office/Retail Space - Lease or Build
Where is the retail property located?
The property is located at 5049 Summer Ave Memphis, TN.
What are key features of this property?
This property features: 4,183 SF former bank branch available for lease; renovate or build to suit.; 0.96-acre lot at a hard corner with high visibility across from three shopping centers with national tenants.; Building features a two-lane drive-thru and 37 parking spaces; CMU-3 zoning allows for various commercial uses.
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5049 Summer Ave
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