4220 Summer AveMemphis, TN 38122

Property Details for 4220 Summer Ave

Year built

1973

Lot size

6.04 AC

Property size (Sq ft)

81,150 SF

Zone code

CMU-2

Property type

Retail properties

Property subtype

Outlet malls

APN

055-070- - -00036

APU

5507000036

Description

This exceptional retail opportunity presents 32,085 square feet of vacant space within the Summer Center Commons shopping center, located at 4220 Summer Avenue in Memphis, Tennessee, zip code 38122. The property boasts a total building size of 81,247 square feet and sits on a sizable 10-acre lot in Shelby County. This multi-tenant shopping center benefits from a strong location with excellent population density on both the north and south sides of Summer Avenue, ensuring high foot traffic and visibility. The property enjoys co-tenancy with established national brands such as TJ Maxx, Family Dollar, and McDonald's, creating a synergistic retail environment and attracting a diverse customer base. The available space offers significant potential for a variety of retail uses, providing an ideal opportunity for businesses seeking high-traffic exposure in a thriving Memphis market. The property's size and location make it an attractive investment for businesses looking to establish or expand their presence in this dynamic area. This is a rare opportunity to secure a substantial retail space in a well-established shopping center with strong existing tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $17,187,870

  6.5%

  $15,865,726

  7%

  $14,732,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,942,664

  Geo Method

  $15,942,664

• Alternative Use

  Use

  Valuation

  Residential

  $13,383,334

  Hospitality

  $12,259,062

  Educational

  $10,199,396

  Medical

  $10,550,168

  Retail

  $15,865,726

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1503

Longitude

-89.9199

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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