Midtown Commercial Live Work Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30217586
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 3,062 SF
Gross Building Area: See Agent
Sale Price: $229,000
Unit Price: $74.79 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2018

Overview / Comments

An Overton Square walkable Midtown Work/Live opportunity with desirable CMU-3 zoning. This property features two on-street commercial bays (1464 Madison at +/- 600 SF and 1466 Madison at +/- 760 SF), and an upstairs apartment with 3 bedrooms, kitchen and full bath and a downstairs apartment with 2 bedrooms, a kitchen and full bath. This property will definitely need some TLC but we have priced it accordingly.

INTERIOR PHOTOS AVAILABLE UPON REQUEST

Located in the heart of Midtown on Madison Ave, this property is just off the lighted intersection at Madison an N. McNeil. It is about a mile away from Overton Square, near Downtown, and stands to benefit from ongoing Midtown and Medical District Development.

Additional Details

Nearest MSA: Memphis
County: Shelby

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,983 130,158 234,210
Median Age: 39.43 35.99 34.95
Households: 10,979 55,555 95,827
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.