2557 Broad Ave - Storefront Retail/Office FOR SALE


Memphis, TN 38112- Binghampton
$789,000 USD
901-262-2055
2557 Broad Ave, Memphis, TN for Sale
$789,000 USD
Storefront Retail/Office - FOR SALE
1/21
null | Request Cap Rate

2557 Broad Ave
Memphis, TN 38112
Binghampton


OVERVIEW

Crye-Leike Commercial is pleased to present for sale a unique two-story commercial property, nestled in the vibrant heart of the Broad Avenue Arts District in Memphis. This district, a thriving hub within the historic Binghampton community, is home to over 70 distinctive local businesses. These include eclectic boutique shops, captivating art galleries, creative artist studios, a variety of services, and a lively selection of restaurants and bars. The property in focus boasts a promising transformation into a dual-unit residential space. However, its true potential lies in its versatility for the imaginative developer. It holds the promise of a mixed-use masterpiece, envisioning retail or commercial endeavors on the ground floor, complemented by office spaces or residential units above. A noteworthy feature is the expansive garage at the rear, equipped with convenient grade-level roll-up doors, adding to the practicality and appeal of the space. The location's allure has recently escalated from simply amazing to extraordinarily supercharged, thanks to the development and launch of the Link Apartments, which stand proudly across the street. This property offers an exceptional opportunity to be part of a dynamic and evolving community, making it an ideal investment for those with a creative vision and an eye for opportunity. Contact us today for your private tour.

FOR SALE DETAILS

PRICE

$789,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,093 SF

ZONING

CN

APN/PARCEL ID

03-3021-0-0010

ASK ABOUT THIS PROPERTY

Eric FuhrmanCrye-Leike CommercialMore Info
901-262-2055

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Eric FuhrmanCrye-Leike CommercialMore Info
901-262-2055

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