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    661 Madison Ave Memphis, TN 38103

    For Sale
    Contact for pricing

    Move-in ready, renovated medical office.

    Property size:
    3,616 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,616 square foot Class B office building, located at 661 Madison Avenue in Memphis, Tennessee, presents a unique opportunity. Completely renovated in 2023, this property is ideally suited for medical or executive office use. The building sits on a 0.304-acre lot (APN: 00703300007C) and is largely furnished, making it truly move-in ready. Its prime location within Memphis's Medical District offers excellent visibility and accessibility for service-based businesses. The surrounding area has also seen significant upgrades in the last three years, further enhancing the property's value and appeal. This freestanding building offers a blend of convenience and modern amenities, making it an attractive option for businesses seeking a well-maintained and immediately usable space. The property's zip code is 38103, and it is situated in Shelby County. This is a rare opportunity to acquire a turnkey office space in a thriving Memphis location.

    Property Features for 661 Madison Ave

    General Information

    Property type
    Medical offices
    Square Feet
    3,616 SF
    Class
    B
    Lot Size
    13,242 SF

    HighLights

    • 3,616 SF Class B office building, fully renovated in 2023, located in Memphis, TN's Medical District.
    • Move‑in ready condition with substantial existing furnishings.
    • Prime location offering excellent visibility and accessibility.
    • Surrounding area recently upgraded, enhancing property value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bushard Jannette M ... Doctor Open Minds Local Government Office Inspire Counseling & Support ... Counselor Monroe W Gibbs ... Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0389949
    Latitude
    35.1411499

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    FAQs

    What type of property is this?
    Medical office - Move-in ready, renovated medical office.
    Where is this medical office located?
    The property is located at 661 Madison Ave Memphis, TN.
    What are key features of this property?
    This property features: 3,616 SF Class B office building, fully renovated in 2023, located in Memphis, TN's Medical District.; Move-in ready condition with substantial existing furnishings.; Prime location offering excellent visibility and accessibility.
    Request Owner's contact information
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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
    661 Madison Ave Memphis, TN 38103
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