Rehabilitated Six-Story Office
For Sale
Contact for pricing
254 Court Ave, Memphis, TN 38103
Downtown CBD offices and suites feature updated building systems, connectivity, security, and gated parking.
Property Size53,800 SF
Price / SF$58.55
Days on Market8
Property Features for 254 Court Ave
General Information
Standard status
Active
Size
53,800 SF
Class
Class A
Total Parking Spaces
43
Property subtype
Office
Additional Details
Opportunity Zone
Yes
Sprinkler System
Yes
Amenities
fire detection & alarm monitoring
comprehensive security alarm coverage
exterior/interior HD cameras with remote viewing
Cat 5 wiring
building-wide WiFi
fiber service from both AT&T and Comcast
new HVAC central controller with new individual unit controllers
Building Details
Year Built
1904
Buildings
1
Stories
6
Building Size
53,800 SF
Construction
reinforced fire-proof
Tenancy
Multi
Listing Agency:
Jefferson Court Properties Inc
Listed By:
Adam Cutler · License #TN
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 14 at 8:38AM
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 Jefferson Court Properties Inc
Investment Insights
Based on property information with market context.
Constructed in 1904, this six-story office property contains 53,800 square feet and has been comprehensively rehabilitated into flexible office accommodations with individual offices and suites. The building meets current building and fire codes, is ADA-compliant, and includes full fire-sprinkler coverage, monitored fire detection, security alarms, interior and exterior HD cameras, Cat 5 wiring, and building-wide WiFi. Fiber service is available from both AT&T and Comcast. A central HVAC controller and individual unit controls were installed in 2023.
The property is located at 254 Court Ave in Downtown Memphis’ Central Business District and is within a designated Opportunity Zone. The courthouse, hotels, restaurants, AutoZone Park, and the Downtown YMCA are within three blocks. Beale Street, St. Jude Children’s Research Hospital, FedExForum, and the Mississippi River/Tom Lee Riverfront Park are within one mile. The offering includes an adjacent private gated parking lot with 43 spaces.
The property is located at 254 Court Ave in Downtown Memphis’ Central Business District and is within a designated Opportunity Zone. The courthouse, hotels, restaurants, AutoZone Park, and the Downtown YMCA are within three blocks. Beale Street, St. Jude Children’s Research Hospital, FedExForum, and the Mississippi River/Tom Lee Riverfront Park are within one mile. The offering includes an adjacent private gated parking lot with 43 spaces.
Key Highlights
- 53,800‑square‑foot, six‑story office building constructed in 1904
- Comprehensively rehabilitated into individual offices and suites
- ADA‑compliant and meets current building and fire codes
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
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
Vacancy Rate% for Office in Memphis, TN
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Frequently Asked Questions
What type of property is this?
Office building - Downtown CBD offices and suites feature updated building systems, connectivity, security, and gated parking.
Where is this office building located?
The property is located at 254 Court Ave Memphis, TN.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 53,800‑square‑foot, six‑story office building constructed in 1904; Comprehensively rehabilitated into individual offices and suites; ADA‑compliant and meets current building and fire codes
