405 Monroe Ave - Showroom FOR SALE


Memphis, TN 38103- Medical District
$1,500,000 USD
901-351-2584
405 Monroe Ave, Memphis, TN for Sale
$1,500,000 USD
Showroom - FOR SALE
1/39
null | Request Cap Rate

405 Monroe Ave
Memphis, TN 38103
Medical District


HIGHLIGHTS

  • Edge District, Downtown Memphis, Medical District
  • Sprinklered, New Roof, LED lighting, HVAC, Gated parking/entrance,
  • Retail front, Flex space w natural light, Apartment/Office/Loft

OVERVIEW

Great 1031 Opportunity in The Edge District. Instant income-producing property. Poised in a growing District. BILLION DOLLAR HOSPITAL PROJECT PLANNED IN AREA. Large building with premier Art Gallery. Newly built out GYM 5,500 sft in center area of building. Full Loft/Living Quarters/Office (Currently vacant value-add space), in rear of building with modern finishes. Gym space has tall 16' clear heights, LED lighting and natural light via East/West windows. New large ADA Bathrooms. New TPO roof, Fully Sprinklered. Separate entrances for leased areas. Secure power gate for side entrance and parking. Alarmed. A real Jewel in the Edge District. Opportunity Zone. An Ocean of Residential and Commercial development, both completed and underway within the district. Income currently $9,000 per month net. *Apartment/Office with additional income opportunity.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

R&D, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.3

LAND SF

13,068

ZONING

SE

APN/PARCEL ID

00-7004-0-0006

ASK ABOUT THIS PROPERTY

Herbert CochraneRasberry Commercial Real EstateMore Info
901-351-2584

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Herbert CochraneRasberry Commercial Real EstateMore Info
901-351-2584

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