Restored Office Space For
For Lease
Contact for pricing
240 Madison Avenue, Memphis, TN 38103
Move-in ready office space in a restored 1926 building.
Space Size1,946 SF - 2,648 SF
Days on Market307
Property Features for 240 Madison Avenue
General Information
Standard status
Active
Size
1,946 SF - 2,648 SF
Property subtype
Office
Spaces For Lease
at 240 Madison Avenue Contact us- Size
- 1,946 SF
- Type
- Office
- Availability
- Available
Suite 602
- Size
- 2,648 SF
- Type
- Office
- Availability
- Available
Suite 850
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
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Memphis, TN
$15.86 /SF/Yr
Avg Asking Price
$4.03–$35 /SF/Yr
Price Range
13,614 SF
Avg Space Size
Vacancy Rate% for Office in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office space in a restored 1926 building.
Where is this office units 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.
