Rare Opportunity, strategically located commercial property / land on the Retail corridor of booming Summer Ave. Property includes a total of four adjoined parcels with two free-standing building structures (one building fully leased), and vacant, flat and buildable land (the only in-fill tract left on Summer Ave.). Come join Summer/Graham Crossing, Chick Fila, Starbucks, Chipotle etc. 340 ft road frontage - perfect for any investment, development, cashflow and/or hold purposes.
Property Details
Property Features
Listing Office:
Office Name: Independence Realty&Investment
Lot Features
Lot Information:
Lot: City Lot
Lot Size: 1.60 Acres
Other
Directions Information:
Directions: From 240 East, take Perkins to Summer. From Sam Copper take Highland to Summer.
Price Information
Listing Price Info
Price Summary:
List Price: $1,575,000
Tax Information:
Annual Amount: $11,827
Tax Year: 2021
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Grahamwood Elementary School
3950 Summer Ave
Distance between this listing and this school0.29 miles
Public Magnet Grades PK-5
4
/10
Berclair Elementary School
810 N Perkins Rd
Distance between this listing and this school0.96 miles
Public District Grades PK-5
5
/10
Memphis Business Academy Elementary School
1082 Berclair Rd
Distance between this listing and this school1.10 miles
Public Charter Grades PK-5
Nearby Schools
2
/10
Kingsbury Middle School
1276 N Graham St
Distance between this listing and this school1.23 miles
Public District Grades 6-8
4
/10
Treadwell Middle School
920 N Highland St
Distance between this listing and this school1.29 miles
Public District Grades 6-8
3
/10
Lester Prep Academy (ASD)
320 Carpenter St
Distance between this listing and this school2.33 miles
Public Charter Grades 6-8
Nearby Schools
2
/10
Kingsbury High School
1270 N Graham St
Distance between this listing and this school1.18 miles
Public Magnet Grades 9-12
2
/10
Memphis Academy of Health Sciences High School
3925 Chelsea Avenue Ext
Distance between this listing and this school1.99 miles
Public Charter Grades 9-12
8
/10
East High School
3206 Poplar Ave
Distance between this listing and this school2.11 miles
The neighbors living near this home have an average income of $49,813. Most Memphis, TN residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4112 Summer Ave
What is the listing price of this property?
The listing price of 4112 Summer Ave property is $1,575,000.
What type of property is this?
The property 4112 Summer Ave is land located in Memphis, Tennessee, 38122.
Is this property for sale now?
Active Listing: 4112 Summer Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $11,827 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 5, 2020 for $185,000. (source: MLS/tax record).
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This home is located at 4112 Summer Ave in Memphis, TN and zip code 38122 in the Berclair neighborhood. This home sits on a 1.60 acre lot. It has been listed on Rocket Homes since August 21, 2024 and is currently priced at $1,575,000.
In October 2024 more than 53 listings in Memphis, TN were sold above the asking price. During the same period more than 103 listings were sold at asking price, while more than 252 were sold below. Between September 2024 and October 2024, Memphis, TN real estate market has seen increase in the number of listings by 22.4%.
From Rocket Homes Real Estate and based on county public records data.
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