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    554 Adams Ave Memphis, TN 38103

    Sponsored
    For Sale
    $1,000,000

    25,668 SF Warehouse, Prime Location

    Property size:
    25,668 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 25,668-square-foot industrial property in Memphis, Tennessee, presents a compelling investment opportunity. Located at 554 Adams Avenue, this Class C building sits on a 0.67-acre lot and boasts a prominent corner location with high visibility, fronting Adams, Washington, and Dunlap Streets. Built in 1967, the property features a 16-foot ceiling height, three loading docks, and two dock-high doors, making it ideal for distribution, manufacturing, or warehouse operations. The building comprises 23,093 square feet of warehouse space and an additional 2,575 square feet of office space. The asking price is $1,000,000, translating to $38.96 per square foot. Conveniently situated just four blocks from the Memphis Courthouse, this property offers easy access to key locations such as the FedEx Forum and City Hall. The property also includes a repair area with HVAC and three-phase electricity. Its versatile layout offers potential for future condo or office conversion, making it a highly adaptable space for a variety of business needs. The property also features a prominent exterior boom sign, further enhancing its visibility and marketing potential. This is a rare chance to acquire a significant property in the heart of Downtown Memphis.

    Property Features for 554 Adams Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    25,668 SF
    Class
    C
    Lot Size
    29,185 SF

    Building Details

    Year Built
    1967
    Buildings
    1

    HighLights

    • 25,668 SF industrial building in Memphis, TN on a 0.67‑acre lot.
    • Class C building with high visibility corner location at 554 Adams Avenue.
    • 1967 construction featuring 16' ceilings, three loading docks, and two dock‑high doors.
    • 23,093 SF warehouse and 2,575 SF office space; $1,000,000 asking price ($39/SF).
    • Prime downtown location, four blocks from the Memphis Courthouse, near FedEx Forum and City Hall; includes repair area with HVAC and three‑phase power.
    Property Profile Location Intelligence

    Current Use by Public Records

    High Gear Transmission Transmission Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.041823515601
    Latitude
    35.145552738177

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    FAQs

    What type of property is this?
    Distribution property - 25,668 SF Warehouse, Prime Location
    Where is this distribution property located?
    The property is located at 554 Adams Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 25,668 SF industrial building in Memphis, TN on a 0.67-acre lot.; Class C building with high visibility corner location at 554 Adams Avenue.; 1967 construction featuring 16' ceilings, three loading docks, and two dock-high doors.
    Request Owner's contact information
    554 Adams Ave 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
    554 Adams Ave Memphis, TN 38103
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