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    62 E.h. Crump Blvd Memphis, TN 38106

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    For Sale
    Contact for pricing

    62,950 SF Warehouse & Apartments

    Property size:
    62,950 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 62,950 square foot mixed-use property, located at 62 E.H. Crump Blvd in Memphis, Tennessee, presents a compelling redevelopment opportunity. Situated on a 1.02-acre lot at the northwest corner of E.H. Crump Blvd and Kentucky St, this six-story building offers significant potential. The property's zoning designation is DMC, opening doors to potential incentives. The dual functionality as both warehouse and apartment building allows for diverse development strategies. Imagine transforming this substantial space into a vibrant mixed-use complex, capitalizing on the high-traffic location. The property's proximity to the I-55 interchange (currently undergoing upgrades) provides unparalleled access to the Memphis-Arkansas Bridge, a major thoroughfare with approximately 60,000 vehicles daily. This prime location in Downtown Memphis offers a unique blend of industrial and residential potential, making it an ideal investment for developers seeking a high-impact project. The property consists of two six-story warehouse buildings, each approximately 31,475 square feet. This substantial footprint, combined with its strategic location and zoning advantages, makes this a truly remarkable opportunity in the heart of Memphis. Don't miss this chance to acquire a significant piece of Memphis real estate with immense upside potential. The 38106 zip code further enhances the property's desirability.

    Property Features for 62 E.h. Crump Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    62,950 SF
    Lot Size
    44,431 SF

    Building Details

    Stories
    6

    HighLights

    • Two six‑story warehouse buildings totaling approximately 125,900 square feet on a 1.02‑acre site.
    • Excellent redevelopment opportunity in the DMC Zone, eligible for potential incentives.
    • Suitable for mixed‑use or multi‑family development.
    • Prime location near the I‑55 interchange (undergoing upgrades), providing access to the Memphis‑Arkansas Bridge and its 60,000+ daily vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0642054
    Latitude
    35.1250091

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    FAQs

    What type of property is this?
    Multifamily property - 62,950 SF Warehouse & Apartments
    Where is this multifamily property located?
    The property is located at 62 E.h. Crump Blvd Memphis, TN.
    What are key features of this property?
    This property features: Two six-story warehouse buildings totaling approximately 125,900 square feet on a 1.02-acre site.; Excellent redevelopment opportunity in the DMC Zone, eligible for potential incentives.; Suitable for mixed-use or multi-family development.
    Request Owner's contact information
    62 E.h. Crump Blvd Memphis, TN 38106
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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
    62 E.h. Crump Blvd Memphis, TN 38106
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