901-479-1913
254 Court Ave, Memphis, TN for Sale
Office - FOR SALE
1/26
null | 9.5% Cap Rate

Dec '25


254 Court Ave
Memphis, TN 38103
Downtown Memphis


HIGHLIGHTS

  • Crane Co. Building of Memphis offers a fully renovated 53,800-SF Class A office building, 85% leased to established legal and tech professionals.
  • Fully ADA-compliant with upgraded building systems, 100% fire sprinklers, alarm monitoring, Cat 5 wiring, and building-wide Wi-Fi.
  • Features Zero Trust Security, HD interior/exterior cameras with remote viewing, 24/7 key-card access, and a 2023 HVAC system upgrade.
  • On-site private catering, hospitality-driven design, and productivity-focused amenities support a thriving legal-tech tenant environment.
  • Steps from the Courthouse, Justice Center, and St. Jude, with walkable access to AutoZone Park, FedEx Forum, YMCA, cafés, and restaurants.
  • Minutes to I-40, I-55, and I-240 via Danny Thomas Blvd, this iconic property is a rare value-add investment with financing options available.

OVERVIEW

The Crane Co. Building of Memphis, located at 254 Court Avenue, presents a rare opportunity to acquire a 53,800-square-foot fully renovated Class A office asset in the heart of Downtown Memphis. Currently 85% leased to a strong mix of legal and tech tenants, this historic high-rise offers a blend of executive, flex, and luxury offices from 100 to 1,200 square feet, as well as tech-style suites up to 2,500 square feet. The versatile office layouts and high-end finishes position the property to capitalize on future lease-up potential. Designed with hospitality and productivity in mind, the property features custom-built workstations, natural light-filled offices, and glass-separated collaborative layouts. On-site amenities include private catering services, zero-trust security with 24/7 key-card access, HD surveillance, and private gated surface parking. With a strong rental history and financing available, this is a premier value-add investment opportunity in a thriving downtown market. 254 Court Avenue meets current building and fire codes and is ADA compliant. Infrastructure upgrades include fire sprinkler coverage, fire detection and alarm monitoring, and comprehensive security alarm coverage. The Crane Co. Building of Memphis features Cat 5 wiring, building-wide Wi-Fi, and dual fiber service, offering seamless connectivity. In 2023, a new HVAC central controller system and individual unit controls were installed, enhancing energy efficiency. The offering includes an adjacent private gated parking lot with 43 spaces. Strategically located in the legal and civic core of Downtown Memphis, the property offers exceptional access to major interstates, including Interstates 40, 55, and the 240 Loop, just minutes away via Danny Thomas Boulevard. Walkable to the Shelby County Courthouse, Memphis Justice Center, and St. Jude, the building also sits near major attractions like AutoZone Park, FedEx Forum, the YMCA, and a wide range of restaurants and coffee shops. This central downtown location is surrounded by key institutions, a growing talent base, and ongoing urban revitalization efforts. With its strong occupancy, modern amenities, and premium location, the Crane Co. Building of Memphis stands as a rare investment asset in one of the city's most dynamic professional corridors.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

9.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Crane Co. Building of Memphis

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Medical, Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1904

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

CBD

APN/PARCEL ID

00-2027-0-0012C

ASK ABOUT THIS PROPERTY

Adam CutlerCutler Property GroupMore Info
901-479-1913

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Adam CutlerCutler Property GroupMore Info
901-479-1913

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