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: 11/15/2018

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
Zoning: COMM ON RES LAND
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
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.