Madison Avenue Development
For Sale
Contact for pricing
2040 Madison Ave, Memphis, TN 38104
Development site in the heart of Midtown Memphis.
Property Size129,612 SF
Days on Market176
Property Features for 2040 Madison Ave
General Information
Standard status
Active
Size
129,612 SF
Property subtype
Hospitality, Mixed Use, Retail
Zoning
EMP / CMU-3
Building Details
Year Built
1934
Year Renovated
1957
Buildings
2
Stories
3
Listing Agency:
Cushman & Wakefield | Commercial Advisors LLC - Memphis, Tennessee
(901) 366-6070
Listed By:
Luke Jensen · License #TN 327959
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 12 at 1:16PM
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 Cushman & Wakefield | Commercial Advisors LLC - Memphis, Tennessee
Investment Insights
Based on property information with market context.
The Prairie Farms development site is available for acquisition. This offering includes two contiguous parcels located on Madison Avenue in the heart of Midtown Memphis, immediately adjacent to the historic Overton Square, a vibrant and established cultural district. The property size is 129612 square feet. The property is suitable for mixed-use, hospitality, and retail developments.
Key Highlights
- Prime development site in the heart of Midtown Memphis.
- Located on Madison Avenue.
- Adjacent to the historic Overton Square cultural district.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
298k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 19%
Groceries 8%
Apparel 3%
Chick-fil-A
Dining
55,414 visits/mo
0.2 miles
McDonald's
Dining
25,061 visits/mo
0.3 miles
The Fresh Market
Groceries
23,172 visits/mo
0.4 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
21,617 visits/mo
0.4 miles
Starbucks
Dining
14,400 visits/mo
0.4 miles
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Development site in the heart of Midtown Memphis.
Where is this mixed-use property located?
The property is located at 2040 Madison Ave Memphis, TN.
What are key features of this property?
This property features: Prime development site in the heart of Midtown Memphis.; Located on Madison Avenue.; Adjacent to the historic Overton Square cultural district.
