2493 Broad Ave - Retail FOR SALE


Memphis, TN 38112- Binghampton
$2,600,000 USD
972-567-5002
2493 Broad Ave, Memphis, TN for Sale
$2,600,000 USD
Retail - FOR SALE
1/13
null | Request Cap Rate

2493 Broad Ave
Memphis, TN 38112
Binghampton


HIGHLIGHTS

  • Prime Memphis Retail Conversion — 16,246 SF on Broad Ave. in Rapidly Redeveloping Arts District
  • Flexible configuration: 1–3 suites to maximize marketability
  • Surrounded by new urban development including apartments, restaurants, and retail.
  • Highly walkable corridor with new bike lanes and streetscape improvements
  • Located within federally designated Opportunity Zone (OZ), offering capital gains tax deferral/reduction and tax-free appreciation

OVERVIEW

To access due diligence, visit https://bracketre.com/listing/e66c5854-5255-4e46-bc9a-70d73003304e Positioned in the heart of the Broad Avenue Arts & Retail District, 2493 Broad Ave presents a rare opportunity to capitalize on one of Memphis’ most dynamic redevelopment corridors. The property has undergone a strategic transformation toward modern retail use, aligned with the neighborhood’s evolution into a walkable, creative, and amenity-driven destination. The 16,246 SF building sits directly across from a major new multifamily development, and is surrounded by restaurants, boutique retail, creative studios, and new urban residential projects — benefiting from strong foot traffic, bike lanes, and ongoing public investment along Broad Avenue.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

CMU

APN/PARCEL ID

03-3018-0-0020

ASK ABOUT THIS PROPERTY

Daniel DeanBracket Real Estate, Inc.More Info
972-567-5002

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Daniel DeanBracket Real Estate, Inc.More Info
972-567-5002

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