4029 Summer AveMemphis, TN 38122

  • Specialty properties
  • 1,181 SF
For Sale
$350,000 View listing

Property Details for 4029 Summer Ave

Year built
1940
Construction
FRAME
Lot size
0.29 AC
Property size (Sq ft)
1,181 SF
Zone code
RU-3
Property type
Specialty properties
Property subtype
Day care centers & nurseries
APN
055-001- - -00004
APU
5500100004

Description

This 1,181 square foot storefront, located at 4029 Summer Avenue in Memphis, Tennessee, presents a unique owner-user investment opportunity. The property, built in 1940, sits on a 0.15-acre lot and is zoned RMM. Currently vacant, this Class C building offers high visibility in a high-traffic area of Summer Avenue, surrounded by a mix of commercial retail, service businesses, and restaurants. The asking price is $350,000, translating to $296.36 per square foot. The single-story building offers 1,181 square feet of net rentable space. This property is being sold "as is" and represents a rare opportunity to acquire a well-located commercial space on a busy Memphis thoroughfare. The previous tenant was a chiropractor's office. The property's location within a thriving commercial corridor makes it ideal for a variety of retail uses. Serious inquiries are encouraged to explore the potential of this unique investment. The property is located in Shelby County, Tennessee, zip code 38122.

4029 Summer Ave, Memphis, Tennessee

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1487
Longitude
-89.9264
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,489
$16,640
$7,800
$24,440
-
$41,600
$19,500
$61,100

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