240-242 Poplar Ave - Office FOR SALE


Memphis, TN 38103- Downtown Memphis
$875,000 USD
901-351-5595
240-242 Poplar Ave, Memphis, TN for Sale
$875,000 USD
Office - FOR SALE
1/5
null | Request Cap Rate

240-242 Poplar Ave
Memphis, TN 38103
Downtown Memphis


HIGHLIGHTS

  • Prime Lot Available Near Downtown Memphis Courts
  • Central Business District multi-use zoning
  • Three(3) income-generating buildings, upside potential

OVERVIEW

PRICE HAS BEEN REDUCED!! Make us an offer. Seize this rare investment opportunity in the heart of downtown Memphis, just steps from the bustling court district and surrounded by rapid real estate development. This 9,239 SF property sits on 0.418 acres and features three income-generating buildings, making it an ideal asset for legal offices, professional services, retail, or redevelopment potential. With private parking, a highly sought-after amenity in downtown, this property offers convenience and accessibility for tenants and clients alike. As Memphis continues its downtown revitalization, this strategic location zoned in a Central Business District is poised for strong appreciation and increased demand. Whether you’re an investor looking for a turnkey income-producing asset or a visionary developer ready to capitalize on downtown’s growth, this property is a prime addition to any portfolio. Now available for sale—don’t miss out!

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

238-242 Poplar Ave

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

CBD

APN/PARCEL ID

00-1043-0-0018C

ASK ABOUT THIS PROPERTY

Melanie Myers BlandMyers Commercial Real EstateMore Info
901-351-5595

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Melanie Myers BlandMyers Commercial Real EstateMore Info
901-351-5595

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