1299 Mclemore Ave Memphis, TN 38106
- Specialty properties
- 30,000 SF
- 2.83 lot acres
Current Use by Public Records
- Aster College Preparatory Charter School / School
- Pogue Management Corporation / Business Management Consultant
Property Details for 1299 Mclemore Ave
- Year built
- 1956
- Lot size
- 2.83 lot acres
- Property size
- 30,000 SF
- Property type
- Specialty properties
- Property subtype
- Schools
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0192
- Latitude
- 35.1144
