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    351 Wisconsin Ave Memphis, TN 38106

    Sponsored
    For Sale
    $995,000

    7,458 SF Warehouse on 6.6 Acres

    Property size:
    7,458 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at 351 Wisconsin Ave, Memphis, TN 38106, presents a compelling investment opportunity. The property encompasses a substantial 6.6 acres of land, featuring a single-story brick building totaling 7,458 square feet. Constructed in 1956, this warehouse is classified as a distribution and warehouse facility, ideal for various industrial uses. The building's size and the expansive lot provide ample space for operations, storage, and potential expansion. The property's location in Shelby County offers convenient access to major transportation routes, enhancing its logistical advantages. The asking price for this significant industrial asset is $995,000. This represents a rare chance to acquire a well-situated, established industrial property with considerable potential for growth and return on investment in the thriving Memphis market. The property's substantial lot size offers significant flexibility for future development or expansion. Serious inquiries are encouraged to explore this promising investment opportunity further.

    Property Features for 351 Wisconsin Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    7,458 SF
    Lot Size
    287,496 SF

    Building Details

    Year Built
    1956
    Stories
    1

    HighLights

    • $995,000 asking price.
    • 6.6‑acre industrial property with buildings.
    • 2.3‑acre parcel at 1010 Riverside Blvd, Memphis, TN 38106, featuring a 20,000‑square‑foot, single‑story brick building.
    • 4.307‑acre parcel at 351 Wisconsin Ave, Memphis, TN 38106, including a 7,458‑square‑foot truck service garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Gym & Fitness Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0734761
    Latitude
    35.1191615

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    FAQs

    What type of property is this?
    Distribution property - 7,458 SF Warehouse on 6.6 Acres
    Where is this distribution property located?
    The property is located at 351 Wisconsin Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: $995,000 asking price.; 6.6-acre industrial property with buildings.; 2.3-acre parcel at 1010 Riverside Blvd, Memphis, TN 38106, featuring a 20,000-square-foot, single-story brick building.
    Request Owner's contact information
    351 Wisconsin Ave Memphis, TN 38106
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    Memphis, TN 38106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    351 Wisconsin Ave Memphis, TN 38106
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