3237 Summer Ave

3237 Summer Ave , Memphis, Tennessee, 38112 | 11,500 sq.f

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About This Restaurant

Investment Highlights

Executive Summary

Gross SF: 11,357Lot SF: 36,715Kitchen #: 22 3000 gallon gravity grease interceptor3 phase 1200 amp capacity(22) 9 ft hoods, 3 compartment sink, grease trap20 dedicated walk in coolersLease Rate: $13.50 NNNAccess point to all parts of the cityExcellent location on Summer AvenueFully built out as a ghost kitchen with 22individual kitchen setupsAlong with the ghost kitchens, the building has a food pick-up area for delivery drivers, cold and dry food storage, staff break rooms, bathrooms, and parking.Spaces come equipped with walk-ins, floor drains, sinks, and hood systems, plus in-place permits that allow businesses to be up and running in weeks(4) double kitchens

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    11,500
  • Building Class    C
  • Year Built    1957
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.42
  • Land Acres    0.63 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Bus Line
  • Security System
  • Signage
  • Storage Space

Property Taxes

Parcel Number 04-4037-0-0006 Improvements Assessment $45,320
Land Assessment $112,480 Total Assessment $157,800
Date Created: 2024-07-16 04:23:38 Last Updated: 2024-07-16 04:23:38
Address: 3237 Summer Ave , Memphis, Tennessee, 38112