Restored Office Space For
240 Madison Avenue, Memphis, TN 38103
For Lease
Contact for pricing
Move-in ready office space in a restored 1926 building.
Space Size1,946 SF - 2,648 SF
Days on Market353
Property Features for 240 Madison Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Spaces For Lease
at 240 Madison Avenue Contact usSuite 602 Available
Size
1,946 SF
Type
Office
Suite 850 Available
Size
2,648 SF
Type
Office
Listed By:
Ron Kastner
(901) 260-1050
Source:
Cbre
Added: Nov 22, 2025
Changed: Aug 26
Last Checked: Jul 29 at 11:32AM
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 Ron Kastner
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Investment Insights
Based on property information with market context.
The Commonwealth, constructed in 1926 and restored in 2019, offers commercial office space. Located on the Trolley Line, the property is situated across from AutoZone Park and within walking distance of downtown amenities. The available space of approximately 2,000 square feet is located on the 6th floor and is move-in ready for immediate use. Covered parking is available. The building also includes retail spaces and 40 residential units. The property is located across the street from the newly renovated YMCA.
Key Highlights
- Move‑in ready, ~2,000 SF office space.
- Convenient downtown location on the Trolley Line, across from AutoZone Park.
- Walkable to everything in Downtown.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
3,995
Businesses Nearby
Explore this area
Business Placement
Demographics for 38103, TN
14,739
Population
8,811
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
2.7 sq mi
ZIP Area
5,459
Density / Sq Mi
$75,763
Median Household Income
$60,918
Median Earnings
$1,575
Median Rent
$380,900
Median Home Value
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Market
Lease Benchmarks for Memphis, TN
$15.77 /SF/Yr
Avg Asking Price
$4.19–$34 /SF/Yr
Price Range
13,950 SF
Avg Space Size
Properties on Market for Office Units in Memphis
Vacancy Rate% for Office in Memphis, TN
Frequently Asked Questions
What type of property is this?
Office unit - Move-in ready office space in a restored 1926 building.
Where is this office unit located?
The property is located at 240 Madison Avenue Memphis, TN.
What are key features of this property?
This property features: Move‑in ready, ~2,000 SF office space.; Convenient downtown location on the Trolley Line, across from AutoZone Park.; Walkable to everything in Downtown.
