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    433 Madison Ave Memphis, TN 38103

    For Sale
    Contact for pricing

    4,210 SF, Vacant, Redevelopment Opportunity

    Property size:
    4,210 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,210 square foot mixed-use property, located at 433 Madison Avenue in Memphis, Tennessee, presents a unique redevelopment opportunity. Situated in the vibrant EDGE District, this Class C building, constructed in 1903, offers versatile space ideal for creative office, restaurant, or storefront uses. Currently vacant, the property is zoned CMU and boasts excellent visibility and accessibility, with proximity to major highways and public transportation, including the Madison Avenue trolley stop. The building features large windows providing ample natural light. The EDGE District's thriving atmosphere, with nearby restaurants, shops, and entertainment venues, creates a dynamic environment for any business. Significant investment and development are occurring in the surrounding area, further enhancing the property's potential. A newly constructed 450-space parking garage is located less than a block away. The property is eligible for technical support and incentives through the Memphis Medical District Collaborative. This is a prime opportunity to acquire a piece of Memphis's dynamic urban core, offering a blank canvas for a customized build-out to meet specific business needs. The property's location within an Opportunity Zone census tract provides additional investment advantages. The existing building offers a cold dark shell delivery, allowing for complete interior design and build-out to the new owner's specifications.

    Property Features for 433 Madison Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,210 SF
    Class
    C

    Building Details

    Year Built
    1903
    Buildings
    1

    HighLights

    • Located in a Memphis Opportunity Zone.
    • Memphis Medical District Collaborative offers technical support and incentives.
    • Extensive renovations provide a cold dark shell delivery.
    • A new 450‑space parking garage is nearby.
    • Conveniently located next to the Madison Avenue trolley stop.
    • Surrounded by significant investment and development activity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Dental Office Clothing Store Food Market Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0423103
    Latitude
    35.1421984

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    FAQs

    What type of property is this?
    Individual retail property - 4,210 SF, Vacant, Redevelopment Opportunity
    Where is this individual retail property located?
    The property is located at 433 Madison Ave Memphis, TN.
    What are key features of this property?
    This property features: Located in a Memphis Opportunity Zone.; Memphis Medical District Collaborative offers technical support and incentives.; Extensive renovations provide a cold dark shell delivery.
    Request Owner's contact information
    433 Madison Ave Memphis, TN 38103
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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
    433 Madison Ave Memphis, TN 38103
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