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Property profile & analytics
OFF-MARKET
Specialty properties

1299 Mclemore Ave Memphis, TN 38106

30,000 SF 2.83 ac lot Built 1956
Property ID
Property summary
AI-generated overview

This exceptional 30,000-square-foot property, situated on a spacious 2.83-acre campus in Midtown Memphis, presents a unique investment opportunity. The property comprises three buildings, offering ample space for a variety of uses. Originally a charter school, the buildings boast numerous classrooms and group rooms, a kitchen, a walk-in freezer and cooler, and a substantial play area. Significant renovations were completed in 2008, 2010, and 2015, ensuring the property is in excellent condition. The roof, a TPO system, was replaced just four years ago. The property is equipped with a three-phase power system, an electronic gate, and a fire alarm system, enhancing security and functionality. Zoned EMP, this versatile property is vacant and ready for immediate occupancy. The asking price is $2,300,000, translating to $76.67 per square foot. Built in 1956, this well-maintained campus offers significant potential for various commercial ventures. Located at 1299 E McLemore Ave, Memphis, TN 38106, this property is conveniently situated in a vibrant Midtown location.

Property profile
Verified
Property type Specialty properties
Year built 1956
Total area 30,000 SF
Lot 2.83 ac (123,275 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Aster College Preparatory Charter School High School
  • Pogue Management Corporation Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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