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Madison Avenue Development Site

2040 Madison Ave, Memphis, TN 38104

For Sale
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Development site in the heart of Midtown Memphis.

Property Size129,612 SF
Days on Market268

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

Site & Location

Neighborhood Midtown Memphis Development Corp.

Building Details

Year Built 1934
Year Renovated 1957
Buildings 2
Stories 3
Listing Agency: Cushman & Wakefield | Commercial Advisors LLC - Memphis, Tennessee
Listed By: Luke Jensen · License TN #327959
Source: Crexi
Added: Feb 17 Changed: Nov 11 Last Checked: Nov 10 at 6:20AM

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

Rey
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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

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Turner Dairy Agricultural Supply

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Building Supply Storage Facility Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,169
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Mixed-use properties in Memphis

Jul
Aug
Sep
Oct

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.
(901) 362-4313 Call to check price and availability
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