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Freight Distribution and Trucking Facility

65 W Carolina Ave, Memphis, TN 38103

For Sale
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Freight distribution and trucking facility in downtown Memphis.

Property Size5,280 SF
Price / SF$471.59
Days on Market1505

Property Features for 65 W Carolina Ave

General Information

Standard status Active
Size 5,280 SF
Class A
Property subtype Industrial
Lease Type NNN

Site & Location

Neighborhood Center City Development Corporation

Building Details

Year Built 1991
Buildings 1
Stories 2
Tenancy Single
Listing Agency: Berkshire Hathaway HomeServices Taliesyn Realty
Listed By: Dean Fowler · License MS S-58231
Source: Crexi
Added: Sep 29, 2022 Changed: Nov 10 Last Checked: Nov 10 at 8:41AM

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 Berkshire Hathaway HomeServices Taliesyn Realty

Rey
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Investment Insights

Based on property information with market context.

Located in the redeveloped "South End" area of downtown Memphis, this property currently operates as a freight distribution and trucking facility. The 5,280-square-foot property could be repurposed for retail use or redeveloped into residential spaces. The surrounding area has seen many former industrial tracts transformed into residential apartments, condos, and retail spaces.

Key Highlights

  • Located in the redeveloped "South End" of downtown Memphis.
  • Potential for repurposing into retail use.
  • Potential for redevelopment into residential property.

Property Analytics

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

Current Use

Somner Express Trucking Company

Suggested Use

Top Pick Kitchen & Bath Showroom Plumbing Service HVAC Service Garden Center (Bike/Boat/Book/etc) Store Home Appliance Store

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

827
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Memphis, TN

5.5% 2019
6.3% 2020
4.8% 2021
4.5% 2022
7.4% 2023
8.8% 2024
8.5% 2025

Frequently Asked Questions

What type of property is this?
Truck terminal - Freight distribution and trucking facility in downtown Memphis.
Where is this truck terminal located?
The property is located at 65 W Carolina Ave Memphis, TN.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: Located in the redeveloped "South End" of downtown Memphis.; Potential for repurposing into retail use.; Potential for redevelopment into residential property.
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