**SIGNIFICANTLY REDUCED**
SELLER FINANCE OPPORTUNITY FOR QUALIFIED BUYERS
Kimbrough Retail Center
Value-Add Opportunity with Excellent Adaptive Reuse Option
In Memphis’ Medical District
Central to Major Employment Anchors with 112,000+ White-Collar Jobs
23,000 SF Heated SF Retail Building
19,500 SF Adjoining Structured Garage
Ask Price $1,650,000
Act Now: Prime Memphis Buy near planned $1.5 Billion Hospital Development!
Just 1 mile from newly announced $1.2-$1.5 Billion Regional One hospital campus set to add thousands of jobs to the Medical District
The prominent location, ample parking and the vacant second floor space make the center an ideal candidate for a variety of mixed-use options, spanning multifamily, office, or live-work space concepts.
GC Estimate for 2nd floor multifamily conversion ready in Document Center
Exclusive Seller Financing Available for Qualified Buyers
Major CapX completed by Seller minimize Rehab Scope: Street level retail cleared and marketed for lease to retail and service businesses. Slice Midtown occupies a 1,740sf (10 year lease); 2nd bay under signed LOI. Partially demolished 11,000+sf second floor with all partitions removed ideally suited for adaptive reuse. New TPO roof across (November 2024). New electric room with adequate capacity for entire center. Newly installed fire sprinkler system in garage (March 2025). Newly New installed HVAC system for 2nd floor common space. Parking lease agreement ($25,000/yr) with adjacent apartment building
INVESTMENT HIGHLIGHTS
Partially Renovated Retail Center with 60-Space Garage
Storefront Retail (6 Bays) with Excellent Adaptive Reuse Option on 2nd Floor
Recent Capital Improvements:
Street level retail cleared and marketed for lease to retail and service businesses. Slice Midtown occupies a 1,740sf (10 year lease)
Partially demolished 11,000+sf second floor with all partitions removed ideally suited for adaptive reuse.
New TPO roof across in November 2024
New parking lease agreement ($25,000/yr) with adjacent apartment building
LOCATION HIGHLIGHTS
Prominent Location in Memphis Medical District near Major Employers
Great Visibility on High-Traffic Union Avenue Corridor
Convenient Access to Area Amenities
Zero New Supply Pipeline in Immediate Submarket
Prospective Market Growth via xAI’s Gigacomputer investment expected to draw tech giants Nvidia, Dell and others to Memphis
DOCUMENT CENTER features
OM
Concept Layout for 2nd Floor Multifamily Conversion
New Roof Warranty
*MORE PHOTOS AVAILABLE ON PROPERTY LISTING WEBSITE. LINK BELOW*