3445 Poplar AveMemphis, TN 38111

Property Details for 3445 Poplar Ave

Year built

1970

Lot size

7.98 AC

Property size (Sq ft)

67,860 SF

Zone code

CMU-1

Property type

Retail properties

Property subtype

Strip malls

APN

045-126- - -00023-C

APU

04512600023C

Description

This exceptional commercial property, known as University Center, is situated at 3445 Poplar Avenue in Memphis, Tennessee, within the bustling Shelby County area (zip code 38111). The property offers a diverse range of office spaces suitable for various business needs, encompassing creative, medical, executive, and traditional office configurations. Currently, one retail space totaling 1,254 square feet is immediately available for lease. The building's strategic location provides unparalleled visibility and accessibility, benefiting from high traffic counts: 30,000 vehicles per day (VPD) on Poplar Avenue and 24,000 VPD on South Highland Street. This ensures significant exposure for your business. The property is part of a thriving shopping center, sharing space with established businesses such as Jason's Deli, Buster's Liquors, and Perkins Restaurant. Its proximity to major national retailers and restaurants, including Kroger, Starbucks, Old Navy, McAlister's Deli, Another Broken Egg, and Piccadilly, further enhances its appeal and provides ample amenities for tenants and their clients. The property type is classified as Retail, Office, and Special Purpose, with multiple tenancies available. This presents a unique opportunity to establish your business in a high-traffic, well-established commercial center in the heart of Memphis. Inquire today to learn more about leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $14,372,999

  6.5%

  $13,267,384

  7%

  $12,319,714

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,331,721

  Geo Method

  $13,331,721

• Alternative Use

  Use

  Valuation

  Residential

  $11,191,535

  Hospitality

  $10,251,386

  Educational

  $8,529,032

  Medical

  $8,822,359

  Retail

  $13,267,384

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1267

Longitude

-89.9464

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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