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    657 Chelsea Ave Memphis, TN 38107

    Sponsored
    For Sale
    $500,000

    13,000 SF Mixed-Use Opportunity

    Property size:
    13,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13,000-square-foot mixed-use building is situated in Memphis' vibrant Uptown district, just steps from the Downtown revitalization area. Priced at $500,000 ($38.46/SF), this property offers immense potential. Currently zoned for mixed-use, it's adaptable to various commercial or multi-family residential uses. The existing structure, with ceilings up to 30 feet high, is well-suited for restoration as a daycare center, or repurposing as warehouse or retail space. Build-to-suit options are available for interested retailers. The half-acre gated lot provides ample parking or storage. Conveniently located east of Downtown Memphis on Chelsea Avenue, it offers easy access to I-40 and proximity to significant developments, including the St. Jude Children's Research Hospital renovation and numerous residential projects. This presents a unique investment opportunity in a rapidly growing area. The property's versatility and prime location make it an attractive prospect for a wide range of commercial ventures. The existing building's high ceilings and large lot size offer significant flexibility for future development or adaptive reuse. This is a rare chance to acquire a substantial property in a thriving Memphis neighborhood.

    Property Features for 657 Chelsea Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    13,000 SF

    HighLights

    • $500,000 asking price for a 13,000 square foot mixed‑use building.
    • Located at 657 Chelsea Ave, Memphis, TN 38107, in the Uptown District near St. Jude Children's Research Hospital.
    • Zoned for mixed‑use, suitable for commercial, multi‑family, daycare, warehouse, or retail uses.
    • Features a 0.5‑acre gated lot with ample parking and a ceiling height up to 30 feet.
    • Build‑to‑suit options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.035716333757
    Latitude
    35.164067625818

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    FAQs

    What type of property is this?
    Mixed-use property - 13,000 SF Mixed-Use Opportunity
    Where is this mixed-use property located?
    The property is located at 657 Chelsea Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price for a 13,000 square foot mixed-use building.; Located at 657 Chelsea Ave, Memphis, TN 38107, in the Uptown District near St. Jude Children's Research Hospital.; Zoned for mixed-use, suitable for commercial, multi-family, daycare, warehouse, or retail uses.
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    Memphis, TN 38107
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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
    657 Chelsea Ave Memphis, TN 38107
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