1299 Mclemore Ave Memphis, TN 38106
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.
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Aster College Preparatory Charter School High School
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Pogue Management Corporation Business Management Consultant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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