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    2240 Deadrick Ave Memphis, TN 38114

    Sponsored
    For Sale
    $350,000

    6,440 SF Office & Retail Space, $350K

    Property size:
    6,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Memphis commercial property, located at 2240 Deadrick Ave, offers a unique blend of retail and executive office space, totaling 6,440 square feet. The building features 5,940 square feet of office space, thoughtfully arranged over two stories, and recently refreshed. Three separate entrances provide convenient access to the offices. The property also includes 3,800 square feet of covered space (90' x 40'), ideal for storage or additional operations, with a generous 14-foot ceiling clearance. Two external dock doors facilitate efficient loading and unloading. The one-acre lot is fully fenced and asphalted, providing ample space and security. Situated in Shelby County, TN (zip code 38114), this property benefits from a prime location, just six minutes from I-240, FedEx and UPS hubs, and Memphis International Airport. The property is zoned RU-1. This is a fantastic opportunity to acquire a versatile and well-maintained commercial building in a high-demand area. The asking price is $350,000.

    Property Features for 2240 Deadrick Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,440 SF
    Lot Size
    43,560 SF

    HighLights

    • 6,440 SF building total.
    • 5,940 SF of two‑story office space, recently refreshed.
    • 3,800 SF of covered space (90' x 40'), 14' ceilings.
    • Two external dock doors.
    • One‑acre fenced, asphalted lot.
    • Six minutes from I‑240, FedEx/UPS hubs, and Memphis International Airport.
    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
    -89.9881343
    Latitude
    35.1049884

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    FAQs

    What type of property is this?
    Office Property / Space - 6,440 SF Office & Retail Space, $350K
    Where is this office property / space located?
    The property is located at 2240 Deadrick Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 6,440 SF building total.; 5,940 SF of two-story office space, recently refreshed.; 3,800 SF of covered space (90' x 40'), 14' ceilings.
    Request Owner's contact information
    2240 Deadrick Ave Memphis, TN 38114
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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
    2240 Deadrick Ave Memphis, TN 38114
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