Three-Story Mixed-Use
For Sale
Contact for pricing
633 Monroe Ave, Memphis, TN 38103
Redevelopment project with a fully gutted interior and plans for residential units above first-floor retail.
Property Size13,600 SF
Days on Market143
Property Features for 633 Monroe Ave
General Information
Standard status
Active
Size
13,600 SF
Property subtype
Multifamily
Building Details
Buildings
1
Stories
3
Listing Agency:
Crye-Leike Real Estate Services
(901) 338-3226
Listed By:
Chris Garland · License #TN-232993
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 1:24PM
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 Crye-Leike Real Estate Services
Investment Insights
Based on property information with market context.
This three-level mixed-use building offers approximately 13,600 square feet above grade, plus an approximately 1,270-square-foot basement. The interior has been removed to the studs, creating a redevelopment shell for the next construction phase. Existing plans call for 10 residential units and approximately 1,600 square feet of retail space on the first floor, with permit-submission materials prepared.
The property is located at 633 Monroe Ave in Memphis's Edge District, within the downtown area. It is next door to the Edge Motor Museum, providing an identifiable neighboring destination. The planned residential-over-retail configuration supports a combined housing and commercial layout, subject to applicable approvals.
The property is located at 633 Monroe Ave in Memphis's Edge District, within the downtown area. It is next door to the Edge Motor Museum, providing an identifiable neighboring destination. The planned residential-over-retail configuration supports a combined housing and commercial layout, subject to applicable approvals.
Key Highlights
- Approximately 13,600 SF above grade across 3 floors
- Approximately 1,270 SF basement
- Gutted to the studs and ready for construction
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,691
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
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Redevelopment project with a fully gutted interior and plans for residential units above first-floor retail.
Where is this mixed-use property located?
The property is located at 633 Monroe Ave Memphis, TN.
What are key features of this property?
This property features: Approximately 13,600 SF above grade across 3 floors; Approximately 1,270 SF basement; Gutted to the studs and ready for construction
