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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

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    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.
    Request Owner's contact information
    137-143 Madison Ave Memphis, TN 38103
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    Memphis, TN 38103
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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
    137-143 Madison Ave Memphis, TN 38103
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