Historic "Fowlkes-Boyle House" Office Building

Office for Sale
Catylist Listing ID: 30291638
Property Subtypes: Office Building
Building Size (RSF): 5,559 SF
Gross Building Area: See Agent
Gross Land Area: 0.15 Acres
Sale Price: $485,000
Unit Price: $87.25 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Fowlkes-Boyle House
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

CRYE-LEIKE COMMERCIAL is pleased to present a three story office building known as the historic "Fowlkes-Boyle House". This handsome Italianate Victorian townhouse was built in the 1850s by Sterling Fowlkes. Painted brick exterior with distinct brick quoins emphasizing the corners. Limestone belt courses delineate the second and third floors. The cornice is decoratively supported by paired stone brackets. Two stories can be seen on the front of the structure. The lowest level is an excellent place for storage of supplies and provides walk-out access to the rear, 13-space, dedicated parking lot. This property is perfectly suited for a law firm or other related office use since it is nestled between the Criminal Justice Center, General Sessions Courthouse and the U.S. Bankruptcy Court.

Upon entering the front door guests are greeted by a beautiful, open staircase with carved wooden banisters and spindles. To the immediate right is a spacious conference room and to the immediate left is the lobby. The main level also features three offices, the largest of which features its own private restroom. The upper level includes a full break room and five medium-size private offices.

Additional Details

Nearest MSA: Memphis
County: Shelby
Taxing Authority: Memphis Shelby County
Tax ID/APN: 002029 00020
Property Visibility: Excellent
Area Description: The property is located on the north side of Adams Ave between 3rd and 4th Ave in the heart of Memphis' legal district. All courts and the criminal justice complex are within walking distance.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1850
Roof Type: Hip
Parking Description: 13 dedicated private parking spaces in the rear plus street parking.
Total Parking Spaces: 13

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,903 84,091 176,724
Median Age: 33.24 36.4 35.55
Households: 5,982 36,927 72,519
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