Memphis Industrial Outdoor Storage Opportunity

1684 Florida St, Memphis, TN

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For Sale

Contact for pricing

6,400 SF industrial property with value-add potential on 22 acres.

Type:INDUSTRIAL

Property size:

6,400 SF

Lot size:

12.87 Acres

Price / SF:

$578/SF

HighLights

Value‑Add Opportunity: 13 acres of excess IOS space available for development, significantly increasing potential revenue.
Desirable IOS Asset Class: Property offers significant Industrial Outdoor Storage (IOS), a highly sought‑after asset class.
Absolute NNN Lease: Zero landlord responsibilities, providing a secured and passive investment.
Long‑Term Commitment: Tenant (USA Storage Yards) has a 10‑year lease with multiple 5‑year renewal options.
Strategic Location: Located in the Memphis MSA with excellent access to major highways 55, 61, and 69.
Attractive Rent Increases: Lease includes rent increases, ensuring a growing return on investment.

We can help!

Listing Contact

Stratton Greig

For Sale

Contact for pricing

6,400 SF industrial property with value-add potential on 22 acres.

Type:INDUSTRIAL

Property size:

6,400 SF

Lot size:

12.87 Acres

Price / SF:

$578/SF

Added:: Apr 8, 2025
Days on Market:: 433
Last Refresh:: May 20 at 9:42 pm

Property Features for 1684 Florida St

General Information

Standard status: Active
Size: 6,400 SF
Lot size: 12.87 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Stratton Greig

Listing agent Tom Gorman

Listing office Sands Investment Group (SIG) | Austin

Listing date Apr 8, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) | Austin

HighLights

Value‑Add Opportunity: 13 acres of excess IOS space available for development, significantly increasing potential revenue.
Desirable IOS Asset Class: Property offers significant Industrial Outdoor Storage (IOS), a highly sought‑after asset class.
Absolute NNN Lease: Zero landlord responsibilities, providing a secured and passive investment.
Long‑Term Commitment: Tenant (USA Storage Yards) has a 10‑year lease with multiple 5‑year renewal options.
Strategic Location: Located in the Memphis MSA with excellent access to major highways 55, 61, and 69.
Attractive Rent Increases: Lease includes rent increases, ensuring a growing return on investment.

Overview

This 6,400 square foot industrial property is located at 1684 Florida Street in Memphis, TN. The property features an absolute NNN lease with zero landlord responsibilities and attractive rent increases. The current tenant occupies 9 acres, leaving 13 acres available for additional industrial outdoor storage (IOS), which is a sought-after asset class. The tenant, USA Storage Yards, has signed a 10-year lease with multiple 5-year renewal options, indicating a long-term commitment to the location. The property is located in the Memphis MSA with access to major highways 55, 61, and 69. The surrounding area has a population of 473,712 residents within a 10-mile radius, with an average household income of $64,735. This property presents a value-add opportunity due to the excess yard space.

Property Profile Location Intelligence

Current Use by Public Records

Warehouses

Suggested Use

Similar Places Nearby

Public Storage — 390 S Front St, Memphis, TN 38103
Front Street Vintage Auto Storage — e butler ave, memphis, tn 38103
Self-Storage at U-Haul — 137 W Illinois Ave, Memphis, TN 38106
Lucky Self Storage — 325 GE Patterson Ave, Memphis, TN 38126
Refurban — 1029 Florida St, Memphis, TN 38106

Location Insight

Map
Local Demand

City: Memphis
County: Shelby
State: Tennessee
Longitude: -90.0623
Latitude: 35.1015

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For sale
Warehouses
TN
Memphis
1684 Florida St

What type of property is this?

Warehouse - 6,400 SF industrial property with value-add potential on 22 acres.

Where is this warehouse located?

The property is located at 1684 Florida St Memphis, TN.

What is the asking price?

The asking price for this property is $3,700,000.

What are key features of this property?

This property features: Value‑Add Opportunity: 13 acres of excess IOS space available for development, significantly increasing potential revenue.; Desirable IOS Asset Class: Property offers significant Industrial Outdoor Storage (IOS), a highly sought‑after asset class.; Absolute NNN Lease: Zero landlord responsibilities, providing a secured and passive investment.

1684 Florida St, Memphis, TN

6,400 SF industrial property with value-add potential on 22 acres.

Property Features for 1684 Florida St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

High-Traffic Commercial Space in Memphis

Flex Industrial Building with Office

Memphis Commercial Property For Sale

East Memphis Multifamily Investment Opportunity

Versatile Commercial Property in Memphis

Mixed-Use Commercial Building in Memphis

Freestanding Retail Redevelopment Building

Gated Townhome Community in Memphis

19-Unit Multifamily Apartment Building

Memphis Commercial Property for Sale

Office Building in Medical District

Well-Maintained Duplex for Sale

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