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137-143 Madison Ave Memphis, TN 38103

Sponsored
For Sale
$1,800,000

Five-story building, prime Memphis location.

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional five-story building at 137-143 Madison Avenue in Memphis, Tennessee, presents a compelling value-add investment opportunity. Currently configured as a retail space, specifically a convenience store and grocery store, this property offers significant potential for redevelopment. Situated on the southwest corner of Madison Avenue and Second Street, the building enjoys high visibility and accessibility. Its prime location places it within easy walking distance of a vibrant array of amenities, including restaurants, movie theaters, live music venues, Beale Street, Redbirds Stadium, and the scenic Mississippi River Walk. The building's five stories provide ample space for a variety of uses. The current zoning allows for the conversion of the building into office space or multi-family residential units, offering investors considerable flexibility and potential for increased returns. The asking price for this unique property is $1,800,000. This is a rare chance to acquire a well-positioned property in a thriving Memphis neighborhood with significant upside potential. The property's address is 137-143 Madison Ave, Memphis, TN 38103, located in Shelby County.

Property Features for 137-143 Madison Ave

General Information

Property type
Individual retail properties

Building Details

Buildings
1
Stories
5

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Daycare Center Clothing Store Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-90.0515574
Latitude
35.1447078

FAQs

What type of property is this?
Individual retail property - Five-story building, prime Memphis location.
Where is this individual retail property located?
The property is located at 137-143 Madison Ave Memphis, TN.
What is the asking price?
The asking price for this property is $1,800,000.
More about this property
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