119 Court Ave Memphis, TN 38103

This exceptional five-story, 15,455-square-foot office building, located at 119 S Ct Ave in Memphis, Tennessee's Central Business District (CBID), presents a unique investment opportunity. Built in 1917, this historic brick and limestone structure boasts significant character and overlooks Court Square Park. The property currently features a mix of office, retail, and shell space. The first and second floors underwent complete renovations in 2005 and have served as a bank branch and offices, including a drive-through and drop box. These floors are ready for immediate occupancy. The third and fourth floors are in shell condition, offering significant potential for renovation into additional commercial space or residential units. Major building systems have been updated, including a new roof, insulation, and boiler installed in 2004, and a new hot water pump within the last five years. The 0.062-acre lot provides ample space for this prominent building. The asking price is $1,500,000, translating to $97.06 per square foot. This property offers a blend of historic charm and modern functionality, making it an ideal investment in the heart of Memphis. The permitted zoning allows for a variety of uses, maximizing the potential return on investment.