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495 Tennessee Street - Tennessee Brewery - Tennessee Brewery, Memphis, TN
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495 Tennessee Street - Tennessee Brewery - Tennessee Brewery
Memphis, TN 38103 - Southwest Ind Submarket
Property Type:
Industrial
Sub Type:
Manufacturing
Status:
Existing , Renov January 2013
Year Built:
1900
Building Size:
65,000 SF
Land Area:
.92 AC (40,075 SF)
Ceiling Height:
90'0''
Loading Docks:
-
Rail:
-
Power:
-
For Sale Price:
$1,200,000
Price/SF:
$18.46
Cap Rate:
-
Zoning:
IH
Sprinklers:
-
Drive Ins:
-
Cranes:
-
Amenities:
Bus Line, Commuter Rail, Partial Stories Exist
59,664 SF is available to occupy upon purchase.
The Historic Tennesse Brewery is perched on the Mississippi Bluff with the trolley line at its front door. It has spectacular views, both North and South views of the Mississippi River and a compelling cityscape on the East. The lot size is .92 acres. The original buliding, varinging from 1 to 6 stories, sits on approximately .52 acre and the remaining portion of the lot is vacant land on the North. The current owners have completed extensive work to stabilize the structural integrity of the building. Additionaly, they have had several professional reports on the site including but not limited to a Phase 1 Environmental report, Structural Evaluation, Concrete Sampling and exterior masonry evaluation.
Building Height: 90
Slab height: 15
8-16-06- Currently vacant. Used to be a brewery.
Per the Memphis Business Journal: developers have proposed a 14-story Downtown condominium project as part of a renovation of the Tennessee Brewery in the South Main neighborhood.
Gordon Fulmer and Guy Rizzo of Detroit and Jim Hysen of Nashville have big plans for the building at 495 Tennessee Street. (Guy Rizzo is the President with GTR Builders- in the system).
Plans propose a renovation of the existing Tennessee Brewery building for condominiums and other commercial uses. An addition to the building includes additional condominiums, restaurants, retail and a parking garage.
Sale Notes:
The Historic Tennesse Brewery is perched on the Mississippi Bluff with the trolley line at its front door. It has spectacular views, both North and South views of the Mississippi River and a compelling cityscape on the East. The lot size is .92 acres. The original buliding, varinging from 1 to 6 stories, sits on approximately .52 acre and the remaining portion of the lot is vacant land on the North. The current owners have completed extensive work to stabilize the structural integrity of the building. Additionaly, they have had several professional reports on the site including but not limited to a Phase 1 Environmental report, Structural Evaluation, Concrete Sampling and exterior masonry evaluation.
The site offers an excellent opportunity for residential developers to renovate the original building and build a new structure on the vacant land. Zoning currently allows new construction to heights of eight stories.
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Rasberry Commercial Real Estate
James Rasberry
(901) 722-8234
View all my listings
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