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    5915 Park Ave Memphis, TN 38119

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    For Sale
    Contact for pricing

    Historic Memphis school, 46,851 SF, 3.56 acres.

    Property size:
    46,851 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 46,851 square foot special purpose property, formerly Pershing Elementary School, presents a unique adaptive reuse opportunity. Located in Memphis, Tennessee, at 5915 Park Ave, in Shelby County (zip code 38119), this property sits on a generous 3.56-acre lot. The building, constructed in phases between 1924 and 1953, is a four-story structure zoned R-6. Its prime location offers convenient access to Highway 71, placing it within easy reach of numerous amenities and landmarks. The property's proximity to the Kansas City Zoo, Swope Soccer Village, Swope Golf Course, Hillcrest Golf Course, Blue River Trails, YMCA, Research Medical Center, Rockhurst University, and multiple parks provides significant potential for a variety of uses. While the school closed in 2009, the substantial building and expansive lot offer considerable potential for redevelopment. Investors and developers will appreciate the scale and location of this property, making it an attractive investment with significant upside. The property's history and architectural character offer a unique canvas for creative repurposing. Serious inquiries are encouraged.

    Property Features for 5915 Park Ave

    General Information

    Property type
    Schools
    Square Feet
    46,851 SF
    Lot Size
    155,074 SF

    Building Details

    Stories
    4

    HighLights

    • Former Pershing Elementary School, closed in 2009.
    • 46,851 SF building on a 3.56‑acre lot.
    • Minutes from Highway 71.
    • Exceptional adaptive reuse opportunity.
    • Near numerous amenities including the Kansas City Zoo, Swope Soccer Village, and Rockhurst University.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8665284
    Latitude
    35.09952

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    FAQs

    What type of property is this?
    School - Historic Memphis school, 46,851 SF, 3.56 acres.
    Where is this school located?
    The property is located at 5915 Park Ave Memphis, TN.
    What are key features of this property?
    This property features: Former Pershing Elementary School, closed in 2009.; 46,851 SF building on a 3.56-acre lot.; Minutes from Highway 71.
    Request Owner's contact information
    5915 Park Ave Memphis, TN 38119
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    Memphis, TN 38119
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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
    5915 Park Ave Memphis, TN 38119
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