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Property profile & analytics
OFF-MARKET
Office Spaces

242 Poplar Ave Memphis, TN 38103

Property ID
Property summary
AI-generated overview

This exceptional two-story, traditional office building at 240-242 Poplar Ave. offers three available suites, perfect for small businesses or professionals. Each suite ranges from 100 to 150 square feet and boasts the unique character of exposed, original brick walls. The building's prime downtown Memphis location places it directly across from 201 Poplar and in close proximity to the courthouses, making it an ideal location for legal professionals. The property provides convenient access to ample parking with 35 designated, secured spaces for tenants. Further enhancing the convenience, a reception service is available on-site. This historic building offers a blend of old-world charm and modern practicality, with monthly rental rates starting at $400. The building is situated in Shelby County and conveniently located near N. B. B. King Blvd. This is a rare opportunity to secure a prestigious address in the heart of Memphis' vibrant downtown area. The multiple tenancy structure allows for flexibility and a thriving professional environment. Don't miss this chance to establish your business in this desirable location.

Property profile
Verified
Property type Office Spaces
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
  • Tawanda Williams Law Office Law Firm
  • Fite Ellen E Law Firm
  • Jim Hale Law Law Firm
  • Tolley Randall B Law Firm
  • Patricia A Woods Law Firm
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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