901-479-1913
254 Court Ave, Memphis, TN for Sale
Office - FOR SALE
1/24
null | 9.5% Cap Rate

Dec '25


254 Court Ave
Memphis, TN 38103
Downtown Memphis


HIGHLIGHTS

  • Ideal Investor, Owner-User Purchase or 1031 Exchange. Multi-tenant Class “A” office building 70 Offices & Suites 150sf to 2500sf.
  • 85% occupied primarily by attorneys. Finanacing up to 80% available
  • ZERO Trust Security (no public access) with 24/7 recorded key-card access/ remote HD cameras & alarm monitored common area doorways/stairways
  • Fully Renovated: 100% fire sprinkler coverage, fire detection & alarm monitoring, security alarm coverage, exterior/interior HD cameras, ADA Compliant
  • .On-site private gated 45 car surface parking. No safety concerns or delays of a parking garage. Minutes to I-240 Loop, I-40, and I-55.
  • Walking distance to Court House, St-Jude Campus, FedEx Forum, Peabody Hotel & Beale Street

OVERVIEW

Downtown Office Building FOR SALE 254 Court Ave, Memphis TN Cutler Property Group, the owner, is pleased to offer FOR SALE its historic CRANE CO. Building of Memphis. Built in 1904, The CRANE CO. Building of Memphis was the first reinforced fire-proof building in the Mid-South. This six-story 53,800 square foot office building was recently completely renovated into Class “A” offices providing individual offices and suites to professionals and businesses. The building fully meets all current building & fire codes and is ADA compliant. The upgraded systems include: 100% fire sprinkler coverage, fire detection & alarm monitoring, comprehensive security alarm coverage, exterior/interior HD cameras with remote viewing, Cat 5 wiring and building-wide WiFi. The building benefits from fiber service from both AT&T and Comcast. In 2023 a new HVAC central controller with new individual unit controllers were installed for improved comfort and energy efficiency. This offering comes with an adjacent private gated 43 car parking lot. Land Area – 2 parcels 1 - Building 12,919 sf 2 - Parking 18,042 sf Total 30,961 sf Located outside 100-year flood zone.

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.