1350 Monroe Avenue

Retail-Commercial for Sale
Catylist Listing ID: 30298439
Property Subtypes: Free-Standing Building
Building Size (RSF): 5,000 SF
Gross Land Area: 0.10 Acres
Sale Price: $299,900
Unit Price: $59.98 PSF
Property Use Type: Vacant/Owner-User
Building Name: Lai's Alterations
Usable Size (USF): 5,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/8/2018

Overview / Comments

Classic Medical District Retail/Office/Residential Opportunity. The building is known as Lai's Alterations and has been a pillar in Memphis for several years. This property has undergone substantial renovations recently that include a new roof, converted attic space that would make a modern apartment and loads of basement storage. the traffic flow is major and the visibility is excellent. Conveniently located near the bus line, close to the trolley stop and accessible to the Central Business District. As the Edge District expands into the Medical District, this property is positioned to take advantage of both expansions. The building could be used as offices, retail with showcase, multi-tenant or a mixture of all. Properties like this are getting tough to find in this Memphis Market...Move Fast!

Additional Details

Nearest MSA: Memphis
County: Shelby
Submarket Type: Redevelopment District
Taxing Authority: Memphis City
Tax ID/APN: 017014 00018
Zoning: CH
Retail Clientele: General
Property Located Between: Medical District and Edge District
Property Visibility: Excellent
Largest Nearby Street: Cleveland
Feet of Frontage: 44
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 1,667 SF
Property Condition: Good
Year Built: 1905
Year Renovated: 2016
Roof Type: Other
Construction/Siding: Wood Frame
Total Parking Spaces: 5
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,470 128,125 226,741
Median Age: 39.64 36.2 35.12
Households: 9,461 54,428 93,297
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