1233 Peabody Ave - Office FOR SALE


Memphis, TN 38104- Midtown Memphis
$499,000 USD
901-691-1849
1233 Peabody Ave, Memphis, TN for Sale
$499,000 USD
Office - FOR SALE
1/31
null | Request Cap Rate

1233 Peabody Ave
Memphis, TN 38104
Midtown Memphis


OVERVIEW

Prime Location in Memphis’ Medical District! Seize the opportunity to own a piece of Memphis history with this charming and versatile historic property, located at 1227-1233 Peabody Avenue (includes three parcels). Nestled in the heart of the highly sought-after Medical District, this property offers an exceptional blend of classic architecture and modern convenience, making it a perfect investment for a variety of uses. Property Features: Ideal for Law Offices or Professional Offices: With its spacious rooms, high ceilings, and distinct historical character, this property offers an inspiring environment for any professional office. Its proximity to major medical institutions, including Methodist University Hospital, makes it an ideal choice for law offices specializing in healthcare law, medical professionals, or any business serving the medical community. Student Housing Potential: Positioned near key educational and medical institutions, this property could also be a great candidate for student housing, catering to the growing demand for living spaces near the University of Tennessee Health Science Center and other local schools. Historic Charm: Retaining much of its original character, this property is full of unique architectural details that lend it a timeless elegance. With hardwood floors, tall windows, intricate moldings, and a welcoming exterior, this property provides a warm and professional atmosphere. Prime Location: Just minutes from Methodist University Hospital and other medical facilities, the property is also conveniently located near downtown Memphis, offering easy access to local amenities, transportation, and business hubs. Whether you're looking for a space to establish your law office, create a professional work environment, or provide student housing, this historic property offers unparalleled potential. Don’t miss out on this rare opportunity to invest in a prime location with endless possibilities! For more information or to schedule a tour, contact us today.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

RW (H) Commercial

APN/PARCEL ID

016006 00039,016006 00040,016006 00041

ASK ABOUT THIS PROPERTY

Jaime HensonCrye-Leike CommercialMore Info
901-691-1849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jaime HensonCrye-Leike CommercialMore Info
901-691-1849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.