2 2Nd St Memphis, TN 38103

This exceptional three-story mixed-use building at 2 N. Second Street in Memphis, Tennessee, presents a compelling redevelopment opportunity. Boasting 19,747 square feet, including a 3,000 square foot basement, this property offers significant potential for various uses. Its prime downtown location, situated on a hard corner at the intersection of Madison Avenue and North Second Street, places it within minutes of key attractions such as the Peabody Hotel, FedEx Forum, Orpheum Theatre, and the Civic Center. The building's Art Deco aesthetic provides a unique character, while its two elevator shafts and existing three retail bays on the ground floor offer immediate income potential. The property is classified as an apartment building, creative office, and traditional office space, allowing for diverse development options. Furthermore, available air rights allow for vertical expansion, maximizing the property's potential. The asking price is $1,300,000, translating to $65.83 per square foot. This is a rare chance to acquire a significant mixed-use asset in a thriving downtown area with strong potential for future growth and value appreciation. The Shelby County location and 38103 zip code add to its desirability.