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    295 Washington Ave Memphis, TN 38103

    For Lease
    $12 SF/Yr

    Prime Office Suites, 922-11,550 SF Available

    Lot size:
    32,634 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional office property at 295 Washington Avenue in Memphis, Tennessee, offers a unique opportunity for businesses seeking flexible and conveniently located space. The property comprises three buildings totaling 32,634 square feet, situated on a 0.782-acre lot (34,064 square feet). The buildings, constructed in 1984, are a Class D property and feature three stories with elevators for easy access. The property is gated, enhancing security. Multiple suites are available, with a minimum divisible space of 922 square feet and a maximum contiguous space of 11,550 square feet. Currently, there are 18,796 square feet of vacant space ready for immediate occupancy. The property's central downtown Memphis location ensures excellent accessibility for clients and customers. This is an ideal location for businesses seeking a well-maintained, secure, and conveniently located office space in the heart of Memphis. The property is perfect for a variety of businesses, offering a range of sizes to accommodate different needs. The six total suites provide flexibility for both small and large businesses. This is a rare opportunity to secure prime office space in a desirable location.

    Property Features for 295 Washington Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,634 SF
    Class
    D
    Total Rate
    32634

    Building Details

    Year Built
    1984
    Buildings
    3
    Stories
    3

    Unit(s) available at that property

    Space
    301 Washington ( 303 )
    Size
    1,683 SF
    Rate per SF
    $12
    Space
    301 Washington ( 301 )
    Size
    1,711 SF
    Rate per SF
    $12
    Space
    301 Washington ( 101-103 )
    Size
    2,930 SF
    Rate per SF
    $12
    Space
    305 Washington
    Size
    11,550 SF
    Rate per SF
    $12

    HighLights

    • Gated office park with controlled access.
    • Multi‑tenant building with elevators.
    • Individual HVAC units in each suite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Robert M. Brannon, ... Attorney A Washington Law Firm​, ... Personal Injury Attorney Pickford Law PLLC Personal Injury Attorney The Law Offices of Carlissa ... Criminal Justice Attorney Garrett & Thomas, PLLC Law Firm

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon 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
    -90.0448748
    Latitude
    35.1473564

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Suites, 922-11,550 SF Available
    Where is this office property / space located?
    The property is located at 295 Washington Ave Memphis, TN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Gated office park with controlled access.; Multi-tenant building with elevators.; Individual HVAC units in each suite.
    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
    295 Washington Ave Memphis, TN 38103
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