Downtown - Medical District: Corner-Lot Development Opportunity

Office for Sale
Catylist Listing ID: 30198593
Property Subtypes: Governmental, Institutional, Medical, Mixed Use, Office Building, Research & Development, Other
Building Size (RSF): 6,150 SF
Gross Land Area: 0.53 Acres
Sale Price: $495,000
Unit Price: $80.49 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/17/2019

Overview / Comments

A Fantastic Downtown - Medical District - Midtown Memphis redevelopment Opportunity. This property features a large, approximately 167'x141' (.53 acre) lot with ample open space for high-volume retail, restaurant parking or further development. In a row of professional office buildings, restaurants, and surrounded by high-density residential; this property would make an excellent signalized corner-lot commercial medical building or home office for service providers, an art gallery, or even a rare Midtown multi-lot residential redevelopment opportunity. It could also be an excellent, very rare, large-lot Midtown home. Three lots have been assembled to put this parcel together. The building features 11 bedrooms, kitchen, 2 baths upstairs, two sets of stairs, newly sheet rocked walls, and the roof is recently installed. Please call to arrange a viewing.

Additional Details

Nearest MSA: Memphis
County: Shelby
Tax ID/APN: 016006 00001C
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,009 121,394 222,563
Median Age: 37.25 36.51 35.15
Households: 7,899 51,748 91,708
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